Currencies

Thursday, 29th July 2021: The exchange rate between the naira and the US dollar closed lower at N411.67/$1 at the official...

The Bankers Committee has assured Nigerians that the exchange rate will drop to around N423 to a dollar. The Committee...

The Central Bank of Nigeria (CBN) has announced the repayment of capital deposit and licencing fees to promoters who have...

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches...

The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs) to ensure that no customer is turned back or refused...

CBN BDC ban weakens the naira and aggravates the inflation crises

Naira depreciated significantly by 3.9% at the parallel market to close at N525/$1 as against N505/$1 recorded the previous day.

Nairametrics reached out to top ABCON officials to get their opinion on the ban.

The Association of Bureau de Change Operators in Nigeria (ABCON) is set to meet with the Governor of the Central...

The exchange rate between the naira and dollar depreciated to N525/$1 on Wednesday, 24 hours after the central bank banned...