Dollar

Bureau De Change now buying dollar at N980
NewsOpinion

Bureau De Change now buying dollar at N980

The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market and selling at N1,020/$.…

Naira rises, trades below N1,000 per dollar at black market

Naira rises, trades below N1,000 per dollar at black market

Naira closes at 1,309/$ as banks sell $2.5bn

Naira closes at 1,309/$ as banks sell $2.5bn

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Nigeria’s inflation has turned to “greedflation”
Opinion

Nigeria’s inflation has turned to “greedflation”

Naira further strengthens against dollar, appreciates to N786.02/$1
NewsOpinion

Naira further strengthens against dollar, appreciates to N786.02/$1

The Central Bank of Nigeria (CBN) has floated the country’s exchange rate, and allowed commercial banks to freely trade foreign exchange at any rate. The naira is currently exchanging between N750 and N755 to the dollar at import and export (I&E) window The development is coming after the sack of former CBN Governor Godwin Emefiele who dictated rates at which the dollar is sold at the three different FX windows held by the country. President Bola Tinubu had promised a holistic FX reform that includes harmonizing exchange rates in other to woo investors into the country. Details shortly.
NewsOpinion

CBN floats exchange rate, permits banks to sell dollars at any rate