By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Tuesday traded N224 to a dollar as the Monetary Policy Committee (MPC) retained rate at 13 percent and commended the Central Bank of Nigeria (CBN) on its attempts to stabilise naira. According to Proshare’s daily exchange monitor, the naira exchanged at the […]
Money Market
Don’t demand fees in dollars, CBN warns schools, landlords
The Central Bank of Nigeria on Tuesday warned schools, landlords and other business enterprises against demanding foreign currencies for the settlement of transactions carried out within the country. The CBN Governor, Mr. Godwin Emefiele, gave the warning while briefing journalists shortly after the end of the two-day Monetary Policy Committee […]
Naira Sells 225/$1 in Black Market Five Days to Election
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian local currency the naira on Monday sold N225/$1 in the black market, Proshare’s daily exchange monitor said. “Today, the naira exchanged at the parallel market for N225 to a dollar while the pounds sterling and euro traded for N335/£1 and N238/€1 respectively,” the report affirmed. […]
