CBN Raises Exchange Rate for Cargo Clearance Amid Naira Depreciation
The Central Bank of Nigeria (CBN) has increased the exchange rate for cargo clearance at the nation’s seaports and airports ...
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Tag: DOLLAR
CBN Reverses Policy, Set to Sell $20,000 to BDC Operators
In a significant policy reversal, the Central Bank of Nigeria (CBN) has announced its intention to resume the sale of ...
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NAFEM Records Sharp Decline in Dollar Sales, Naira Depreciates Amid Forex Market Challenges
The Nigeria Autonomous Foreign Exchange Market (NAFEM) witnessed a notable downturn in dollar sales on Friday, with transactions plummeting by ...
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Naira Hits Record High of N1,513/$ in Official Market Amidst Currency Challenges
The Central Bank of Nigeria (CBN) successfully cleared the verified backlog of foreign exchange claims owed to foreign airlines on ...
Read moreNaira Weakens Despite CBN’s Efforts, Closes at N996.75/$ on I&E Forex Window
On Thursday, November 9, the Nigerian Naira closed trading on the Investor & Exporter (I&E) forex window at N996.75/$, reflecting ...
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Historic Fall of Nigerian Naira Sparks Social Media Outcry
Nigerians have taken to social media to express their outrage and concerns following the historic depreciation of the country's currency, ...
Read moreNigerian Naira Devalues Further, Hits N950/$1 Amid Forex Scarcity
In a concerning development for the Nigerian economy, the nation's currency, the Naira, has suffered another significant depreciation against the ...
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Former Gabonese President’s Son Detained with Large Sum of Money Amidst Military Coup
Noureddin Valentin Bongo, the eldest son of the ousted President of Gabon, Ali Bongo, has been apprehended at his private ...
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Human Rights Lawyer Femi Falana Files Lawsuit Against Central Bank of Nigeria Over Naira Floatation
Renowned human rights lawyer, Femi Falana, has initiated legal action against the Central Bank of Nigeria (CBN) in response to ...
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