The most widely read newspaper in Nigeria
The naira slumped further to 523/$ at the parallel market on Wednesday, a day after the Central Bank of Nigeria stopped the allocation of foreign exchange to Bureau de Change operators in the country.
Before the new regulation, the CBN had been supplying each BDC $10,000 twice a week at the rate of N393. “Throughout this meeting of the MPC, we extensively debated this matter, and independently with each member of the committee exhibited accurate and deep understanding of issue at stake.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Naira sees biggest plunge ever after CBN forex banNaira fell N17.00 to N522 within a day of the CBN decision.
Read more »
Naira falls after CBN stops forex sales to BDCsThe CBN says it will not sell dollars to BDCs because they had become a conduit for illicit forex flows and graft.
Read more »
Naira May Slide As CBN Bans Forex Sale To BDCsThe Naira is set to further depreciate in value as the Central Bank of Nigeria (CBN) yesterday stopped sale of foreign exchange to Bureau de Change
Read more »
Bleak Summer For Travellers As Airfares Soar Amid Naira DevaluationAs the summer holiday approaches, Air passengers are expected to experience an increase in airfares due to devaluation of Naira as well as appreciation of
Read more »
Naira suffers against dollar as BDC ban pushes rates | The Guardian Nigeria News - Nigeria and World NewsNigeria’s naira is experiencing a sharp loss to the dollar, a day after the Central Bank of Nigeria banned foreign exchange sales to Bureau De Change (BDC) operators in the country As of Wednesday, July 28, black market dealers were selling the naira at ₦522 per dollar, up from N505 to $1 on Tuesday, according […]
Read more »
Fans mourn as Nasarawa footballer slumps, dies on field - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »