Tag: dollars
Again, CBN sells dollars to BDCs at N1,590/$
The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange (FX) to eligible bureau de change (BDC) operators at ...Thousands Of Dollars Flown Out Of Nigeria Every Hour – INTERPOL
The International Police Organisation (INTERPOL), on Monday, revealed that “hundreds of thousands of dollars” are being laundered out of Nigeria to other ...Sell excess dollars in 24 hours, CBN orders banks
Amidst fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell ...Reps to investigate ‘use of dollar’ as legal tender in Nigeria
The house of representatives has asked the Central Bank of Nigeria (CBN) to address recurring depreciation of the naira against the dollar. ...Dollar now underground currency of Nigeria’s economy — Peter Obi
The presidential candidate of the Labour Party, LP, in the 2023 general elections, Peter Obi, has lamented the ‘dollarisation’ of the Nigerian ...Naira tumbles to all-time low of N950/$ at parallel market
The naira fell to an all-time low of N950 to a single dollar at the parallel market on Thursday afternoon. The figure ...Naira slides to N774.8/$ at I&E window, N897/$ at parallel market
The naira, on Monday, closed at N774.78 per US dollar at the investors and exporters (I&E) window. The figure signifies a depreciation ...Naira may fall to N900/$ from demand pressure – Report
An independent tax and business advisory firm, Andersen, has said the parallel rate of the naira may fall to N900 in 2023 ...Ex-militant, Tompolo wins multi-million dollar contract to curb oil theft
The Federal Government has renewed a multi-million dollar pipeline surveillance contract to a former militant leader and Commander of the defunct Movement ...Stop it! It’s illegal to buy dollars with naira, offenders will be arrested, says CBN
The Central Bank of Nigeria has threatened to arrest and prosecute Nigerians using naira to buy dollars. CBN Governor, Godwin Emefiele, said ...