Tag: USD
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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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CBN launches ‘Naira 4 Dollar Scheme’, beneficiaries to get N5 for every USD received
The Central Bank of Nigeria (CBN) has introduced the ‘CBN Naira 4 Dollar Scheme’ in its bid to sustain the increase in inflows of diaspora remittances into the country. CBN announced this in a circular to all deposit money banks, International Money Transfer Operators (IMTOs), and the public in general. In the document dated March…