Stoppage of sales of forex to BDCs – another courageous policy by the CBN
The latest decision of the Central Bank of Nigeria (CBN) to stop the sale of FOREX to Bureau De Change ...
Tag: forex
Naira gains at forex markets as dollar supply rises by 108.5% with drop in demand
Friday, 30th July 2021: The exchange rate between the naira and the US dollar closed lower at N411.44/$1 at the official Investors ...
CBN and Nigerian banks battle currency speculators
Currency speculators who profit from round-tripping and other currency manipulation practices are in trouble, as the Nigerian central bank and ...
Naira falls to N506/$ at black market as dollar supply slides by 5.77%
At the parallel market, the naira depreciated against the US dollar at an exchange rate of N506/$1.
Naira appreciates at forex market as dollar supply increases significantly by 141%
Naira appreciated against the US dollar on Monday, closing at N411.5 to a dollar, representing a 0.06% gain.
Naira falls at official market despite a significant rise in dollar supply by 128%
The local currency fell at the official market despite the dollar supply rising significantly by 128.2%.
Naira depreciates at official window as dollar supply drops significantly by 43%
The local currency was down at the official window as forex liquidity dropped by 43.2%.
Naira falls at official window as external reserve declines to 4-year low
Naira depreciated on Wednesday against the US dollar to close at N411.50 to a dollar compared to N410/$1 recorded on ...
Exchange rate falls to N500/$1 at black market as forex speculators intensify their activities
The exchange rate depreciated further at the parallel market to close at N500/$1 on Monday, June 21, 2021.
Naira reverses gain at black market as CBN moves to increase forex allocation to BDCs
The CBN has moved to increase forex allocation to BDCs and sustain the funding for about 5,000 members of the ...
