THE Central Bank of Nigeria (CBN) has directed commercial banks to refrain from utilizing their foreign exchange revaluation gains for dividends and operational expenditures. It was gathered that the…
Tag: foreign exchange
Foreign exchange: Naira hits 620/$ at parallel market
THE naira, on Thursday, fell to N620 per dollar at the parallel market amid the lingering scarcity of the greenback. The figure represents a depreciation of N5 or 0.8 percent from the…
Go About Legitimate Foreign Exchange Transactions Without Fear – CBN Urges Nigerians
The Central Bank of Nigeria (CBN) has assured the public that it will monitor the deposit money banks (DMBs) to ensure they comply with set rules and meet the…