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Tag: foreign exchange

Naira Trades At N381 To 1 US Dollar – Reuters

Nigeria Naira vs the US Dollar
The Nigerian Naira resumed trading on the official market at 381 to the dollar after no quotes for two straight sessions, as the central bank unified the country’s multiple exchangeRead More

Reps Summon Banks, Others Over $30bn Forex Racketeering

Naira exchange rate
The Joint House of Representatives committees on finance, banking and currency will on Monday begin an investigative hearing into an alleged forex racketeering. To this effect, the panel has summonedRead More

CBN Devalues Naira As Market Defies Interventions

Naira exchange rate
The Central Bank of Nigeria has technically devalued the Naira to exchange to the dollar at N380, as market continues to defy all interventions. The apex bank took this decisionRead More

Coronavirus: Trouble Looms In Nigeria As 50 Oil Cargoes Stranded

Coronavirus
The Nigerian National Petroleum Corporation (NNPC) on Wednesday, March 11th, 2020 raised an alarm regarding the imminent crisis as a result of low oil prices and urged Nigerians to getRead More