The Central Bank of Nigeria (CBN) has said it has no plan to convert foreign currencies in the domiciliary accounts of bank customers. The Director of Corporate Communications, Mr. Osita Nwasinobi, said…
Tag: dollar
Naira falls to N527 to dollar at parallel market
The naira on Monday weakened to new low of N527 to dollar in the parallel market. The local currency position represents N3 depreciation from N524 to dollar it closed last week. The…
Naira weakens further to 517 against dollar
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. The local currency fell to 517 against the US currency at…