February 13, 2016/The Will A Seniour officer at the Central Bank of Nigeria (CBN) has authoritatively denied news reports suggesting that the bank had given approval for an end to forex sales for foreign medicals and school fees. The officer, who spoke exclusively to THEWILL, disclosed that the issue was […]
Tag: FOREX
Naira drops to 313.5 as dollar shortage persists
The naira dropped further to 313.5 against the United States dollar at the parallel market on Tuesday as shortage of foreign exchange, especially the greenback, persists in the forex markets. The local currency had traded for 310 to a dollar on Monday. On Tuesday, the naira closed at 199.40 to […]
Update: We Stopped Selling Forex To BDCs Because Some CBN Directors Owned Them – Buhari
February 5, 2016/The Will President Muhammadu Buhari has disclosed why his government stopped the sale of foreign exchange to Bureau De Change, BDC, operators, noting that the decision was in response to acts of sabotage perpetrated by some directors of the Central Bank of Nigeria, CBN. Buhari, who revealed this […]
