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Naira Falls To N522/$1 At Parallel Market Over CBN Controversial Policy

Following the discontinuation of sale of foreign exchange (FX) to Bureaux De Change (BDCs) operators in the country by the Central Bank of Nigeria, the naira has dropped...

Naira slumps further as exchanges hit N504 at parallel market

The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change operators. It had earlier exchanged to the dollar at 500 in...

Local Refineries To Buy Crude Oil In Naira – PIB

  VAM news has learnt that crude oil refining licences bearers in Nigeria will pay for domestic crude oil supply in Naira.     This development is in line...

CBN To Nigerians: Spray Naira Notes, Go To Jail

þ The Ctral Bank of Nigeria, CBN, has warned Nigerians against spraying the Naira notes in parties and other events. Isaac Okorafor, the CBN spokesman, who made this...