Tag: Dollar
CBN orders BDCs to sell dollar at N1,269
The Central Bank of Nigeria (CBN) has directed each Bureau de Change (BDC) operator to sell dollars to eligible customers at a rate not...
Naira gains against dollar, exchanges at N1,431
The naira experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday, March 22, 2024.
Data from the official...
CBN begins daily sales of $20,000 at N1,301/$ to BDCs
As part of the efforts to stabilise the forex market, the Central Bank of Nigeria (CBN) has commenced the sale of dollars to Bureau...
FG to raise $10bn for forex liquidity, Naira stability
The Federal Government has expressed determination to raise at least $10 billion to increase foreign exchange liquidity to stabilise the Naira and grow the...
‘All-time low’: Naira crashes to N1,534 against dollar
The naira, on Monday, February 12, 2024, continued to suffer depreciation against the U.S. dollar as it exchanged at N1,534 on the official Nigerian...
Price control, Wigwe University and dollar school fees
By ETIM ETIM
The judgement of the Federal High Court in Lagos last week ordering the government to fix prices of some goods and services...
CBN to Nigerians: Reduce dollar demand, we’ve no magic to stabilise...
The Central Bank of Nigeria (CBN) says it doesn’t have a magic word to stabilise the foreign exchange, noting that Nigerians must reduce frequent...
Naira crashes to N1,300 against U.S. dollar
The naira, on Tuesday, January 16, 2024, continued to suffer depreciation against the dollar as it exchanged at N1,300 on the Peer-to-Peer cryptocurrency window.
Some...
Dollar drops, bitcoin rises ahead ETF approval deadline
The dollar paused its rally on Tuesday, January 9, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year...
Naira exchanges at N1,043 against dollar at FX market
The naira, on Thursday, continued to suffer depreciation against the dollar as it exchanged at N1,043.09 at the official foreign exchange market.
The naira exchanged...
