CBN - Central Bank Of Nigeria
The Central Bank of Nigeria has slashed the exchange rate for cargo clearances at Nigeria's ports despite the naira's depreciation against the US dollar.
The Nigerian currency, the naira, has crashed against the US dollar as speculations are rife that the CBN is defending the naira with FX reserves
The Nigerian Ports Authority has obtained $700 million to rehabilitate the Tin-Can Island, the Apapa ports in Lagos, and ports in the south east.
Olayemi Cardoso, Central Bank of Nigeria governor, has stated that the naira is not being safeguarded by the central bank using Nigeria's foreign reserves.
The Association of Bureaux De Change Operators of Nigeria (ABCON) has once again announced a new buying and selling rate for the US dollar as the naira strengthens.
The Nigerian currency, the naira bounced back to record a strong performance against the United States dollar in the official foreign exchange markets
The Central Bank of Nigeria has dismissed a viral publication claiming the apex bank had sold foreign exchange to BDCs at a reduced price of N1,000.
Wema Bank has disclosed that it has removed three and suspended four financial technology companies from its platform over financial fraud and created a campaign.
The naira exchange rate against the dollar has sustained its rally as it appreciated to a seven-month high to close at N1000/$1. Reno Omokri is happy.
CBN - Central Bank Of Nigeria
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