Naira Gains 9.3% At Parallel Market Against Dollar (See New Rate)

Naira Gains 9.3% At Parallel Market (See New Rate)

  Nigerian currency, Naira has gained 9.3% as it strengthened to N435 to a dollar at the parallel market yesterday. This is against about N480 to a dollar it had been trading in the past days. However, this showed a gain of N45, representing about 9.3% rise. Currency dealers attributed the development to the planned … Read more

CBN Resumes Sales Of Dollars To Nigerian Students, SMEs

CBN Resumes Sales Of Dollars To Nigerian Students, SMEs

  CBN has resumed the sales of US dollars to Nigerian students in foreign schools, SMEs for important usage.   The Central Bank of Nigeria revealed the body has resumed sales of dollars to Nigerian students who study abroad and need to pay their school fees. This also applies to Small-Medium Enterprises who really needs … Read more

3 Nigerian Banks Lower Dollar Spending Limit On Debit Cards

3 Nigerian Banks Lower Dollar Spending Limit On Debit Cards

  Three Nigerian Banks has reduced the monthly Dollar spending limit on debit cards due to the falling of cruide oil price and the suffering of Naira against Dollar. In response to the decline in dollar supply as well as rising demand, some banks, namely GTBank, Zenith, Fidelity reduced the monthly dollar spending limit on … Read more