Naira crashes to N983/$1 at parallel market as dollar scarcity bites harder
The exchange of the Naira to the dollar plunged to a record low N983/$1 at the black market
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FOREX MARKETS
Naira falls to N930 per dollar at parallel market Wednesday
The naira dropped to N930 per dollar at the parallel section of the foreign exchange (FX) market on Wednesday,
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ABCON urges CBN to grant BDCs digital autonomy for rate convergence, others
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to
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CBN to clear FX backlog in two weeks –Shonubi
The Acting Governor, Central Bank of Nigeria (CBN) has said that the bank was making plans to clear the
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Nigeria’s FX reserve around $3.7bn as against CBN’s $30bn figure –JP Morgan
Global financial service firm JP Morgan has estimated Nigeria’s FX Reserve to be around $3.7 billion much lower than reported
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CBN confronts currency speculators with new guidelines for BDCs
The Central Bank of Nigeria (CBN) has intensified efforts to battle currency speculators and has brought back Bureau De
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CBN launches FX price verification system portal
The Central Bank of Nigeria (CBN) has launched a new portal called the Foreign Exchange (FX) Price Verification System (PVS),
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CBN explains reason behind Naira crash
The Central Bank of Nigeria (CBN), has attributed the crash of the naira against the dollar and its inability
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CPPE calls for urgent framework to moderate forex market volatility
The Center for the Promotion of Private Enterprise (CPPE) has advised the Central Bank of Nigeria (CBN) to develop and
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Breaking New: Banks now trade forex “freely” in Nigeria
There are indications that the Central Bank of Nigeria (CBN) has given commercial banks and dealers in the forex market
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