Nigeria’s naira firmed against the U.S dollar on the interbank market on Wednesday, supported by dollar inflow from offshore investors buying local debt and waning demand for hard currency, traders said. The local unit strengthened to 157.25 to the dollar, firmer than the 157.39 it closed at on the previous […]
World News
Analysts predict short, medium term stability for naira
Financial analysts have forecast a short to medium term stability in the exchange rate of the local currency to the United States dollar. Analysts at FSDH Securities, in a report released to our correspondent on Tuesday, said the naira would be firm for a while as a result of the […]
CBN returns N5bn illegal bank charges to customers
The Central Bank of Nigeria has said that it has recovered and returned to customers a total of N5bn wrongfully taken from depositors by banks operating in the country. It also said it would focus on the protection of consumers of products being brought to the market by banks over […]
