October 17, 2016/Reuters Nigeria’s central bank intervened on Monday with dollar sales to support the naira, which ended at 305.50 per dollar, a range it has closed at for nearly two months, traders said. Traders said the bank, which has been selling dollars regularly to prop up the currency, sold […]

October 17, 2016/Proshare As the foreign exchange liquidity issue continues to linger, banks have continue to review and modify their international usage of naira debit cards. Effective 14th October 2016, bank customers will not be able to carry out cross border transactions or transactions priced in foreign currency using their […]

14/10/2016/NAN The Central Bank of Nigeria has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country to enable them to access foreign exchange. The Deputy Director, Press and Public Affairs, Ministry of Transportation, Mr. James Odaudu, announced the plan in a statement in Abuja on […]