CBN - Central Bank Of Nigeria
The Nigerian currency, the naira, continued depreciating against the US dollar in the official and unofficial markets despite efforts by the Central Bank of Nigeria.
The EFCC has revealed how the former governor of the CBN, Godwin Emefiele, used N18.9bn to print N684.5 million in a fresh charge at the Federal High Court, Abuja.
Naira continues to perform poorly against the dollar in both the official and black markets and observers have blamed the emergence of 2 platforms.
According to the official rate that was derived from the FMDQ, the local currency closed at N1,234 to the dollar on Monday, April 22, making it N1,234/$.
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In recent days, the Naira has depreciated against the US dollar in the official markets after weeks of an unprecedented rally, causing concern among Nigerians.
The Nigerian currency, the naira, has crashed in all the markets after weeks of rebounding against the dollar, making the world's best-performing currency
A financial analyst, Abdulmumin Ali, has described how Nigeria can overcome its current foreign exchange challenges, beat inflation and boost the naira.
First Bank of Nigeria Limited (FirstBank Group) has announced a new leader at the helm of affairs, Adesola Adeduntan, following the resignation of its MD/CEO.
CBN - Central Bank Of Nigeria
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