Business

March 30, 2022

Exchange Rates Drop Throughout FX Markets Causing Forex Turnover to Depreciate

Tuesday, March 29th, 2022: At the official Investors and Exporters (I&E) window, the naira and the US dollar exchange rate closed at N417/$1. On Tuesday, March 29th, 2022, the I&E window e...

Finance

March 28, 2022

ABCON says The CBN's decision to stop selling foreign exchange to BDCs rendered the naira worthless

The decision of the Central Bank of Nigeria (CBN) to stop selling foreign exchange (FX) to its members, according to the Association of Bureaux De Change Operators of Nigeria (ABCON), has rendered t...