Dollar
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Business
EFCC clamps down on BDC operators again, as naira sells at 1,416/$
The Economic and Financial Crimes Commission appeared to have resumed their onslaught against Bureau De Change operators as some of…
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Business
Demand for dollar forces Naira down to 1,420/$
An upward swing in the demand for the United States dollar is believed to be responsible for the slide of…
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Business
Naira fell again to N1,300 per dollar in official market
The Naira has fallen again, exchanging at the rate of N1,300.15 to a United States dollar on Tuesday, April 23,…
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Business
Naira falls to N1,234/$ at official market
The naira fell against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to…
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Business
CBN Gov links depleting external reserves to debt repayments
The Central Bank of Nigeria has explained the significant decline in the nation’s foreign exchange reserves, asserting that it was…
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Business
Dollar allocations have become too expensive- Association of Bureau De Change Operators tells CBN
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to adjust…
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Business
Naira rises To N1,250/$ at parallel market
The naira rose to N1,250 per dollar at the parallel section of the foreign exchange (FX) market on Monday. The…
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Business
Naira rises to N1,382/dollar
The naira has gained N18 to close at 1,382 to one dollar at the official market. The gain was recorded…
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Business
CBN slashes Customs duty rate as naira stabilises
The exchange rate for computing the country’s Customs duties has been slashed by 5.3 per cent by the Central Bank…
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Metro
CBN allocates $20,000 to each BDC to stabilize the Naira
In order to correct the distortions in the retail segment of Nigeria’s foreign exchange market, the Central Bank of Nigeria…
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Metro
Naira slides to N1,900/$ at parallel market
The Nigerian naira, on Tuesday, dipped yet again and exchanged at the rate of N1,900 to the dollar at the…
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News
IMF predicts Naira will fall by 35% to N2,081/$1 this year
The International Monetary Fund (IMF) has said that the Naira will further depreciate by about 35 percent this year, adding…
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Business
EFCC arrest 50 bureau de change operators in Abuja
Operatives of the Economic and Financial Crimes Commission on Monday, February 19, raided a Bureau de Change location at the…
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Business
Naira slips to N1,600 at parallel market
The value of the Naira dipped further on Thursday, Feb. 15, as it depreciated to N1,610 to a United States…
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Business
CBN orders banks to pay customers money sent from abroad in Naira
Nigerian banks have begun full implementation of the CBN’s revised guidelines on international money transfer operations in the country.…
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