Currencies
Nigeria's daily parallel market exchange rate tracker
Naira falls to N525/$1 at black market as dollar scarcity hits BDCs
The exchange between the naira and the US dollar has dropped to as low as N525/$1 at the black market...
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CBN moves against forex speculation, releases $200 million to banks
The Central Bank of Nigeria (CBN) on Tuesday allocated a total of $200 million to all commercial banks in the...
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Exchange rate depreciates across forex markets as CBN bans sale of dollar to BDCs
Naira depreciated against the US dollar to close at N411.67/$1 on Tuesday.
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What CBN’s ban on sale of forex to BDCs means for the Naira
The elimination of BDCs may not be the silver bullet to halt the ongoing decline of the Naira.
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See what happened to exchange rate the last time the CBN banned BDC
If a repeat of 2016 were to occur again then the exchange rate could depreciate to N925/$1.
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CBN accuses embassies, international organizations of forex regulations contravention
The Central Bank of Nigeria (CBN) has threatened to report embassies, international organizations and development finance organizations to their countries...
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CBN affirms crypto ban as e-Naira set to launch in October
The Nigerian apex bank reiterated it earlier stands against banks facilitating crypto transactions as e-Naira is set to launch in...
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CBN will only supply forex to banks
Nigeria's central bank governor, Godwin Emefiele has informed the public that the central bank would discontinue the sale of dollars...
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CBN stops issuance of new licenses to BDCs
The Central Bank of Nigeria (CBN) has said it will henceforth stop the licensing of new Bureau De Change (BDC)...
Read moreDetailsCBN blows hot, bans sale of forex to BDCs
The Central Bank of Nigeria has hit at the Bureau De Change (BDC) for illegal forex trading and will henceforth...
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