Friday, February 26, 2021

Tag: Foreign Exchange

Naira depreciates further to N385/$ in parallel market

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The naira, yesterday, depreciated further to N385 per dollar in the parallel market as demand for foreign exchange intensified. This implies the naira has...

Naira plunges to record low of 345/dollar

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The naira tumbled to a record low of 345 against the dollar at the parallel market on Monday, extending its depreciation from nine to...

CBN lifts ban on dollar deposit transfers

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Commercial banks are back in the business of foreign currency (dollar) transfer after the Central Bank (CBN) lifted restrictions on such transactions. The banks can...