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EXCHANGE RATE
The exchange rate between the naira and dollar depreciated to N364/$1 on Friday from N363.50/$1 as the price of oil continue to tank globally.
The President of the Lagos Chamber of Commerce and Industry (LCCI), Mr Babatunde Ruwase, has opposed the new import duty exchange rate set by the Central Bank of Nigeria.
As President Muhammadu Buhari won Nigeria’s recently-concluded presidential election for his second term bid, Nigerians who voted-in the...
In the wake of the Soludo led bank recapitalisation drive Nigerian banks saw their balance sheet rise to N17.3 trillion.
CBN says all frontiers and developing markets have suffered depreciation and lost reserves.
Market recap is a summary of activities across Nigerian and global financial markets every week.
Over the weekend, the Central Bank of Nigeria, CBN, issued a surprising circular. It "warned" banks and Bureaux De Change operators to ensure that they sell forex to Nigerians looking for Personal Travel Allowance (PTA) or Business Travel Allowance (BTA).
The Naira, today rose to ₦360 at the parallel market and ₦305.55 at the official rate. This marks the...