Tag: Exchange Rates
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Naira depreciates to N1,600 per USD at official market
The Naira depreciated on Friday at the official market, trading at N1,602.18 to the dollar.Data from the Central Bank of Nigeria (CBN) website showed that the Naira lost N5.49.
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Naira gains massively at forex markets amid scarcity
A recent look at the Naira shows that it is now exchanged at 461.10 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.02 per cent compared to the 461.17 it exchanged on Wednesday An exchange rate of N462 to the dollar was the highest rate recorded within the…
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Eliminate multiple exchange rates, invest in non-oil economy – Soludo charges FG, CBN
A former Governor of the Central Bank of Nigeria, CBN Prof. Chukwuma Soludo, on Monday advised the Federal Government to start working towards getting the nation structured and re-engineered towards a non-oil economy. Soludo also charged the leadership of the apex bank to finally eliminate the discrepancies in the country’s forex regime and reduce the…