January 8, 2016 by Femi Asu, Punch The naira took further beating on Thursday at the parallel market, trading near its 2015 high of 280 against the United States dollar. The dollar was sold for N278 at the parallel market on Thursday, as against 273 on Wednesday and 267.5 on […]
Tag: bureau de change
Nigeria central bank acts to support naira, worried about govt spending
* Key interest rate held at 12 pct for 14th time * Cbank says committed to exchange rate stability * Sanusi concerned about falling oil savings, leakages * High spending ahead of elections next year a worry (Adds details, quote, background) Nigeria’s central bank lifted the cash reserve requirement […]
Undergraduates, others arrested for stealing N2bn from bank
The Economic and Financial Crimes Commission has arrested two young men who claimed to be undergraduates of the University of Jos, Isaiah Friday and Azzaior Samuel, for an alleged N2.05bn fraud. Two bureau de change operators, Salihu Mahmoud and Dan Ibrahim, were also arrested in connection with the alleged crime. […]
