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Jonathan NwokporDays after Binance stopped accepting transactions in Naira, the Naira’s depreciation against the dollar resumed at the end of the official foreign exchange market on Friday. According to FMDQ data,
Read MoreJonathan NwokporA Senior Advocate of Nigeria, SAN, Mike Ozekhome, has issued a warning that by the end of 2024, the naira may be exchanged for N4,000 against the US dollar due
Read MoreJonathan NwokporThe Central Bank of Nigeria has announced new rules to Bureau De Change Operators in Nigeria, including the possibility of ending street trading, in response to the ongoing volatility of
Read MoreJonathan NwokporAt the end of business on Friday, the value of the Naira relative to the US dollar had drastically decreased. This is in spite of recent actions by the Central
Read MoreJonathan NwokporMonday saw a record low for the Naira against the US dollar at the foreign exchange market, valued at N1,534.39. The Naira fell to N1,534.39 per US dollar on Monday
Read MoreJonathan NwokporInternational money transfer operators, IMTOs, will now allow international transfers using naira as the currency. This complies with the latest guidelines issued by the Central Bank of Nigeria (CBN). Numerous
Read MoreJonathan NwokporAt the end of business on Friday, the Naira saw a minor increase in value relative to the US dollar and other currencies on the foreign exchange market. The Naira
Read MoreJonathan NwokporThe proposal to convert $30 billion in deposits in domiciliary accounts to naira has been rejected by the Central Bank of Nigeria or CBN. The CBN reacted in response to
Read MoreJonathan NwokporAt the end of January 2024, the Naira saw a slight increase against the US dollar on the official foreign exchange market due to the Central Bank of Nigeria’s recent
Read MoreJonathan NwokporOn Monday, the Naira hit an all-time low of N1,348.63 versus the US dollar in the foreign exchange market. The Naira dropped from N891.90 on Friday to a record low
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