The Nigerian naira weakened by 1.32% to N1,520/$ on the black market amid heightened travel demand. Meanwhile, at NAFEM, it traded at N1,507.83/$, down 0.47%. The CBN's decision to end the Price Verification System Portal aims to streamline forex operations amid market fluctuations.
The...
In its desire to ensure the availability of forex and also meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) has injected another sum of $210million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank yesterday indicate that the...
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