CBN's Godwin Emefiele had recently advised businesses and individuals to stop patronizing operators in the parallel market because they heating up the foreign exchange market.
All eyes are now set on silver as its prices started with huge follow-through buying after a convincing breakout this week.
Naira it dropped against the dollar today it was selling at N456 to S1 as individuals rush in to meet their fx payment obligations
The U.S. Dollar Index that tracks the American dollar against a basket of other major currencies dropped 0.10% to trade at 100.338
The local currency strengthened by N0.58 against the dollar, compared to the N386.58 to a dollar that it traded on Thursday.
Manufacturers have confirmed dollar scarcity is real and no one knows when this will end.
Information obtained from Abokifx shows that the local currency depreciated to N437 to a dollar on Wednesday, May 6, 2020, as against the N430 to a...
The naira was trading at 387.35 to the dollar yesterday at the currency spot market mainly used by foreign investors and exporters
CBN intervenes in the foreign exchange market, the local currency, naira, on Monday May 4, 2020, appreciated against the dollar
As Nairametrics previously reported, the apex bank informed Nigerians that it will resume the provision of Forex to all commercial banks in Nigeria for onward sales...