The Central Bank of Nigeria, in its banking regulator’s monthly economic reports on foreign exchange market developments, has said that it injected $7.6 billion into the economy to stabilise the value of the naira in Read More
Tags :Naira to Dollar
A new report has shown that banks in Nigeria have raised dollar charges by 45.15%, following the stoppage of dollar sales to the Bureau De Change (BDC) operators in July 2021 by the CBN. BusinessDay shared that Read More
Nigeria’s naira has dropped to N525 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) discontinued the sale of foreign exchange (FX) to Bureaux De Change (BDCs) operators in Read More
The Nigeria naira has dropped to a record low on the official market, with lenders quoting it 7.7% weaker against the dollar, following a currency devaluation that was aimed at unifying multiple exchange rates. Prior to Read More
