Exchange rate

The CBN has approved the sale of USD 20,000.00 to BDC operators at an exchange rate of N1,590 per dollar. All BDCs are permitted to sell to qualified end-users at a markup of no more than one percent (1%) over the purchase rate…

The Central Bank of Nigeria (CBN) led by Dr. Olayemi Cardoso has currently approved the allocation of $20,000.00 to each qualified Bureau de Change at an exchange rate of N1,580 per dollar. It was revealed as a measure which…

The Naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging N770.38 to the dollar. The local currency showed a 16.19 per cent decrease when compared with N663.04 it exchanged to the…

The Naira on Friday lost slightly to the dollar, exchanging at N436.33 compared with N436.32 on Thursday. The open indicative rate closed at N433.83 to the dollar on Friday. An exchange rate of N437 to the dollar was the highest rate…