Naira gains at forex markets as dollar supply rises by 108.5% with drop in demand  – Nairametrics

naira-gains-at-forex-markets-as-dollar-supply-rises-by-108.5%-with-drop-in-demand -–-nairametrics

Friday, 30th July 2021: The exchange rate between the naira and the US dollar closed lower at N411.44/$1 at the official Investors and Exporters window.  Naira appreciated against the US dollar to close at N411.44/$1 on Friday, representing a 0.06% gain compared to N411.67/$1 recorded on the previous day.   Also, naira appreciated the parallel market to close at N515/$1, having traded at N520/$1 on the previous … Read more

We have dollars – Nigerian banks tell customers – Nairametrics

we-have-dollars-–-nigerian-banks-tell-customers-–-nairametrics

Deposit money banks in the country have moved to implement the directive from the Central Bank of Nigeria (CBN) to set up teller points within their banking halls to attend to the forex needs of customers. This is evidenced by several emails sent by the banks to their customers over the weekend and seen by … Read more