The Central Bank of Nigeria (CBN) has asked deposit money banks (DMBs) to stop utilising gains from the revaluation of the naira to pay dividends or finance operations. CBN said a review…
Tag: #Naira
Naira weakens, trading at N769.25 against Dollar
The Nigerian Naira experienced a decline in value against the US dollar, reaching an exchange rate of N769.25 at the investors and exporters window. This depreciation represents a 0.82 percent decrease compared…
Naira drops further against the dollar; exchanges at N765.13
The naira depreciated further against the dollar on Thursday at the investors and exporters window, exchanging at N765.13. It depreciated by 0.26 per cent when compared with the N763.17 for which it…