The opening indicative rate was N387.32 to a dollar on Wednesday.
Stirling Trust Company Limited specialises in financial services, investment, logistics & human capital management services.
The CBN still continues to warn against currency speculators who patronize the black market.
The exchange rate could strengthen this week based on a positive set of assumptions.
This announcement was contained in a notice signed by the Company Secretary.
These debits have inevitably tightened liquidity in the banking system and bankers are complaining.
The aim of this directive is to expand the reach of the regional banks across the country, the CBN said.
Reports reaching Nairametrics indicates the CBN has instructed bidders at its Secondary Market Intervention Sales (SMIS) to increase their bidding price to N380/$1 floor. The SMIS...
Nigerian stocks are down 8.8% for the year worse than 5.86% in May.
The Nigerian banking system has been through two major asset quality crisis.