Naira crashes across forex markets as CBN Governor hits at black market
At the black market, the Naira depreciated against the dollar to close at N487/$1 on Wednesday.
Tag: Aminu Gwadebe
Naira crashes to new record low at black market as businesses divert export proceeds
The naira hit another new low as it depreciated again against the dollar, closing at N484/$1 at the parallel market.
BDC operators reveal the major challenge with resumed sales of forex by CBN
The BDC operators said that the profit margin would not be enough to cover their expenses.
ABCON President explains why there is forex crisis, lists sources of forex for BDCs
Gwadebe said that the pandemic caused supply disruptions as the price of crude oil went down.
CBN goes hard on BDC operators, issues various fines
Over 100 Bureau De Change Operators were fined N5 million by the Central Bank of Nigeria for various infractions in ...
Naira depreciates further as investors get jittery,
The severe pressure on Nigeria’s foreign exchange market has led to significant depreciation of the Naira across all the market ...
