Naira Weakens To N670 Per Dollar At Parallel Market
The value of the Naira is depreciating at an alarming rate with the currency exchanging for N670 per dollar on Tuesday at the parallel market.
Nigeria’s FX Trade Hit N24.93trn In 5 Months
Investors have traded foreign exchange worth N24.9 trillion in five months, OduNews reports. This is against the N21.36 trillion traded...
CBN Battles Forex Market Liquidity, Amends Diaspora Remittance Rule
The Central Bank of Nigeria says it had amended the rules for receipt of diaspora remittances as part of its...
CBN Bans Payment Service Banks From Accepting Forex Deposits
The Central Bank of Nigeria announced that it has banned payment service banks from accepting forex deposits. This was contained...