Tag: Aminu Gwadabe
More Troubles For Nigeria’s Naira, Now N950 Against US Dollar
The naira fell further to the dollar on Wednesday after closing at 950/$ at the parallel market.
Bureau de Change operators said the naira which...
BDC Operators To CBN: Now’s Time To Abolish Official Exchange Rate
The Association of Bureaux Des Change Operators of Nigeria has urged the Central Bank of Nigeria to float the naira to halt its further...
Forex: Scarcity Disrupts Banks, Others’ Payments
There are indications that the lingering foreign exchange scarcity in the country is slowing down banks’ ability to meet their payment obligations that are...
Why CBN Pegged Naira At 379/$
Over the weekend, the Central Bank of Nigeria officially changed the exchange rate of the naira to the dollar from N361 to N379 on...
Scary! Forex Scarcity Persists As Dollar Sells For N445
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex market.
The extension of the...
COVID-19: Forex Sales To BDCs Suspended By CBN
The Central Bank of Nigeria has granted a two- week market holidays to the Bureaux De Change operators.
This followed a request by the Association...
