Nigerians are calling for the resignation of the Governor of the Central Bank, Godwin Emefiele. Majority of the masses are growing weary of the continuous rise of the Naira, in relation to the US Dollar. The call for his resignation is coming after the Naira fell further in […]
Naira continued to weaken against the U.S. dollar at the official market on Thursday. The free fall of the Naira is has now continued for four straight days.According to data published on the Central Bank of Nigeria’s website, Nigeria’s naira closed at N416.16 to a dollar on Thursday, […]
As part of measures to converge the nation’s multiple exchange rates and ensure stability, the Central Bank has again devalued the Naira, to exchange at the rate of N381 per dollar. Based on data obtained on the website of FMDQ OTC, Securities Exchange on the CBN official rate […]
On Wednesday, at the parallel market, the dollar exchanged at 452 naira, as Nigeria’s foreign debts continue to rise. Following the one month suspension of foreign exchange activities, that was brought about by the COVID-19, the Central Bank of Nigeria resumed foreign exchange sales at the end of […]
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