Importers’ Woes Worsens As FG Raises Cargo Clearance Rate Again In 24 Hours, Now N1,413.62 Per Dollar
For the second time in 24 hours, the Federal Government has reviewed the Nigeria Customs Service (NCS) exchange rate for importation of goods. The exchange...
Naira Inches To N1000/$1 At Parallel Market, Sells For N925 In Kano, N917 In Abuja, N890 In Lagos
The naira plunged to a record low of N925/$1 on the parallel market on Wednesday as demand for foreign currency outstripped supply. This is the...
View From Abroad: Nigeria’s Naira Recorded A Historical Plunge After Being Floated Freely
By Faustine Ngila The decision by the Central Bank of Nigeria (CBN) to float the naira freely has come with an unwanted outcome: a historical...
Barely five days after the suspension of Godwin Emefiele as Central Bank of Nigeria (CBN) Governor, reports indicate that the Apex bank has given commercial...