The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country not to sell dollars higher than N392 to end users. The Central Bank also devalued the Naira by N6 to Dollar, this brings the Naira closer to the exchange rate unification policy recommended by the …
Read More »Devaluation of Naira: Understanding the Situation and the Risks for Investors
The Nigerian currency has been losing value for the past two days on the FMDQ OTC securities exchange, a privately owned alternative financial market platform on which currency and bond securities are traded in Nigeria. The naira ended the day of July 8, 2020, at 386.75 naira for one US …
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