Naira Falls to N490 as Nigeria Blames Neighbors
Aminu Gwadabe, president of the Association of bureau de change operators of Nigeria (ABCON), says the free fall of the naira is due to activities of Nigeria’s immediate neighbors. Over the week, the naira has been on a free fall at the parallel market, moving from 439 per dollar on Monday to 490 to the […]
Naira Disappoints, Falls to All Time Low
As the Central Bank of begins to ration dollar supplies as its new policy, The Naira fell to 1.5 percent to a new low of 265 to the dollar on the unofficial market . Aminu Gwadabe, the head of Nigeria’s bureaux de change (BDCs) association said The Central Bank of Nigeria cut the amount it sold to […]
Nigerian Naira Exchange Rate