The Central Bank of Nigeria has hit at the Bureau De Change (BDC) for illegal forex trading and will henceforth discontinue the sale of forex to the Bureau operators in Nigeria. The governor of the CBN, Godwin Emefiele made this known while addressing the press during the MPC briefing on Tuesday, 27th July 2021. The […]
Friday, 23rd July 2021: The exchange rate between the naira and the US dollar closed at N411.5/$1 at the official Investors and Exporters window. Naira appreciated against the US dollar on Friday from N411.63/$1 recorded on Thursday, 23rd July 2021 to N411.5/$1, representing a 0.03% gain. This however represents 0.27% depreciation for the week compared
Thursday, 15th July 2021: The exchange rate between the naira and the US dollar closed at N411.2/$1 at the official forex market. Naira remained stable against the US dollar on Thursday, 15th July 2021 to close at N411.2/$1, a marginal appreciation compared to N411.22/$1 recorded on Wednesday, 14th July 2021. The same was experienced at
Thursday, 1st July 2021: The exchange rate between the naira the US dollar closed at N410.7/$1 at the Investors and Exporters window, where forex is traded officially. Naira appreciated against the US dollar on Thursday, having gained 80 kobo to close at N410.7/$1 compared to N411.5/$1 recorded on Wednesday, 30th June 2021. The exchange rate
Naira gains at forex market despite significant fall in dollar supplyRead More »
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