Honestly, this is scary! Very scary, who else thinks President Muhammadu Buhari should do something about this? Starting from the…Read More Exchange Rate Of Naira To Dollar Increases To N348
Another one from Basketmouth about this ccrazy exchange rate that is hitting the Nigerian Economy now. I think its…Read More You better appreciate coins now, exchange rate no dey smile – Basketmouth
LAGOS — The Central Bank of Nigeria, CBN, yesterday ordered importers to repatriate their dollar earnings within 180 days or risk suspension from all segments of the foreign exchange market.
Meanwhile, the Naira, yesterday, suffered sharp depreciation against the dollar in the parallel market and the interbank market in reaction to the closure of the official foreign exchange market by the CBN.
At the parallel market, the naira depreciated by N5 asRead More Central Bank Of Nigeria orders exporters to repatriate dollar earnings within 180 days