The Central Bank of Nigeria (CBN) has announced the approval of the sales of FX to eligible Bureau De Change (BDCs) to meet the demand for invisible transactions.
In a circular signed by A. A Mahdi, the Acting Director of Trade and Exchange at the CBN, it was disclosed that the sum of $20,000 is to be sold to each BDC at the rate of N1,450/$1.
These sales come at a time when the naira faces constant pressure, inching toward the N1,600/$1 ceiling.
This is a developing story…
The Senate on Thursday approved President Bola Tinubu’s loan request of $2.2 billion to partially…
A former presidential spokesman, Doyin Okupe has dismissed claims by Peter Obi of the Labour…
Leading Igbo Socio-cultural Organisation, Ohanaeze Ndigbo, has commended the arrest of self-acclaimed Biafra Prime Minister,…
A car dealer has gifted Nigerian singer Davido a new vehicle for his birthday. …
There is palpable tension in the Peoples Democratic Party (PDP) after the acting National Chairman…
The Arewa Consultative Forum says the policies of the President Bola Tinubu-led administration has worsened…
