August 24, 2016/UBA Public Announcement Lagos; 24- 08 -2016; Further to our press statement of yesterday, we are pleased to inform our valued customers, stakeholders and business partners as well as the general public that the CBN has re-admitted us into the Foreign Exchange Market following our remittance of all NNPC/NLNG dollar deposits. […]
Money Market
Nigeria naira quoted at 402 per dollar on black market
August 24, 2016/Reuters The Nigerian currency was quoted at 402 naira per dollar on the black market on Wednesday, traders said, weaker than 397 it traded at its previous session as dollar shortages gripped the official market. The naira, which hit fresh record low since the central bank floated the […]
CBN Ask Banks Not to Sell Forex without Appropriate Documentation
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has asked commercial banks not to sell foreign exchange without appropriate documentation and disclosure to authorities, irrespective of the source of funds. The CBN gave this directive in circular with reference number TED/FEM/FPC/GEN/01/008 dated August 22, 2016 and signed by W.D, […]
