26/8/2016/The Will The naira Thursday dropped to previously unseen levels, exchanging for as low as N412 to $1 in the unofficial market (black market) from N407 where it closed on Wednesday. The naira also dipped at the interbank foreign exchange market closing at N316.8 to the $1 from Wednesday’s N315.9 […]

The Central Bank of Nigeria recent announcement of temporarily suspending nine commercial banks, including Heritage Bank, from accessing the foreign exchange market is a systemic challenge for the banking sector, which cuts across all banks. As a financial institution, we have continued to build on foundation of sound corporate; maintained […]

August 25, 2016/Reuters Nigeria’s naira was quoted at an all-time low of 409 to the dollar on the black market on Thursday, compared with 402 the previous day, after the suspension of some banks from forex trading made dollars even harder to obtain. The central bank suspended nine commercial banks […]