Naira
Naira crashes again against US dollar at official market as CBN governor makes promises
Nigerian currency, the naira depreciated again in the official and official foreign exchange markets despite efforts by the Central Bank of Nigeria.
CBN instructs banks, IMTOs to pay diaspora remittances in naira, gives exchange rate benchmark
The Central Bank of Nigeria has directed banks and IMTOs to pay diaspora remittances in naira and align them with corresponding foreign currency inflows.
New exchange rate as naira crashes against dollar in all FX markets after CBN’s decision
The value of Nigerian currency fell in both the official and unofficial foreign exchange markets after reports the CBN has stopped dollar sales to BDCs.
“Please review”: ABCON sends message to CBN as BDCs struggle to meet new capital requirements
The Association of Bureau De Change Operators of Nigeria (ABCON) has demanded that the CBN review its decision to slam a new capital requirements for BDCs.
CBN gives conditions for international transfer money operators to do FX transaction
Based on CBN's most recent circular, eligible International Money Transfer Operators will now have access to naira liquidity through the bank's window.
CBN Leaves Customs FX rate for cargo clearance unchanged for 3 weeks as naira nears N1,500/dollar
The Central Bank of Nigeria has not changed foreign exchange for import duty in the last three weeks following the relative stability of naira against dollar.
“Bad for naira”: CBN reportedly ends forex sales to BDC operators as naira falls against dollar
The Central Bank of Nigeria has reportedly begun testing its reform templates by ending forex sales to Bureau de Change operators to boost liquidity in the market.
N1,500/$: FG moves to boost naira’s value in foreign exchange markets
The federal government of Nigeria is ready to provide the needed support to the Central Bank of Nigeria in its efforts to defend the naira value in FX markets.
Between N980 and N1,500: CBN’s intervention sets new trend for naira against dollar
Data compiled shows that after the CBN implemented a flurry of reforms as forex turnover at the official FX market shot up to $23.29 billion in less than six months.
Naira
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