Tag: forex
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CBN finally crashes Naira To 630/$1
The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters...
CBN approves $4,000 for travellers to boosts forex supplies
Nigerians travelling abroad can access a maximum amount of $4,000 foreign exchange from the banks following the Central Bank of Nigeria’s announcement to increase...
Forex: BDC association to ban street trading, moves to cut rate
The Association of Bureau De Change Operators has said it will commence what it called ‘Operation No Street Trading’ to stop the hawking of...
Inflation scare as CBN further devalues naira to 410.25/$
The Central Bank of Nigeria officially devalued the naira to 410.25/$ after the country’s currency defied all interventions to retain its value.
However, experts have...
Nigerian banks insist on $5k monthly cash limit
Investigations revealed that some commercial banks have started sending new transfer limits to their customers.
Emails sent to some customers that were shared with Nairametrics...
