Eko Hot Blog reports that the Nigeria’s official currency, the Naira, on Monday, appreciated to N1,250 per dollar at the parallel section of the foreign exchange (FX) market. The FX rate is a 0.43 percent increase from the N1,280 recorded on March 29. Editor’s Picks JUST IN: Army Reacts As Explosion Rocks Ikeja Cantonment Police Confirm Delta … Read more
Eko Hot Blog reports that the Naira on Wednesday showed a remarkable rebound against the US dollar in both the official and parallel markets. The local currency notably strengthened against the greenback, particularly in the black market. This came as the Central Bank of Nigeria announced the final settlements of all valid foreign exchange backlogs, … Read more
EKO HOT BLOG reports that the Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to various creditors. According to the PUNCH, source familiar with the development confirmed the payment on Thursday. Meanwhile, unconfirmed sources said three banks received full payment of debts owed. The banks are … Read more