CURRENCIES

CBN edges towards free float of naira with discontinuation of cap on forex transactions 

CBN discontinues ±2.5% cap spread on Interbank FX transactions

International transfers through Western Union, others to be paid out in naira

Nigeria sees over $1 billion in FX market supply in the past “few days” – Cardoso 

No respite for the Naira as the exchange rate closes at N1,479.47/$1 at the official market

Forex turnover falls 56.17% to $203 million despite CBN’s current policies 

Reps claim four banks have $5 billion excess FX, to probe non-compliance to CBN’s directives

FG, States, and LGAs share N2.517 trillion FAAC exchange rate gain in 2023

EFCC to enforce laws against dollarization of the economy, Naira Mutilation

U.S dollar retreats near a three-month high as the naira trades near its bottom