Naira loses N81 to dollar
The Naira recorded N81.34 depreciation against the US Dollar in a single day at the foreign exchange market.
FMDQ data showed that the naira tumbled to N1,154.08 per Dollar, on Thursday,…
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Browsing Tag
foreign exchange market
Naira devaluation: Expect price hike, telcos tell subscribers
Telecommunication firms have said they are working with their regulator, the Nigerian Communication Commission, to review the prices of their services to reflect prevailing market realities, especially the recent unification of the foreign…
CBN defends Forex restriction for milk imports
The Central Bank of Nigeria (CBN) has defended its policy restricting foreign exchange access to importers of milk.
In a statement, the CBN said there were attempts by some interests, who feel hurt by the planned policy aimed at…
CBN injects $210m into forex market
The interbank segment of the foreign exchange market received a boost of $210m from the Central Bank of Nigeria (CBN) following sales concluded, on Tuesday.
Figures obtained from the CBN indicated that authorised dealers in the wholesale…