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Operation Rescue Naira: FG considers converting $30bn domiciliary deposits to naira

There are strong indications that FG is mulling a policy that will result in conversion of foreign currencies in domiciliary accounts to naira

Abuja federal capital territoryNigeria generalBola tinubuAminu gwadebeOlayemi cardosoOla olukoyedeInternational moneyFinancial crimes commissionGovernor of the central bankAssociation of bureau de change nigeriaNigerian foreign exchange market onBureau deSecurity exchangeAllocation committeeInternational money transfer operationsCentral bank

CBN orders banks to sell excess dollars in 24 hours

Amid fresh moves to stabilise the nation’s volatile exchange rate, CBN has ordered Deposit Money Banks to sell their excess dollar

Olayemi cardosoHassan mahmudNigerian autonomous foreign exchange marketA bureau deCommittee on bankingSecurities exchangeFirst bankCentral bankNigerian foreign exchange fx marketNational assemblyGovernor of central bankSecurity exchangeSenate tuesdayDeposit money banksReporting requirementsForeign currency exposures

CBN orders Nigerian banks to sell excess dollars within 24 hours | Nigerian News, Latest Nigeria In News Nigeria News Your online Nigerian Newspaper

CBN orders Nigerian banks to sell excess dollars within 24 hours | Nigerian News, Latest Nigeria In News Nigeria News Your online Nigerian Newspaper
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Naira plunges in official market , CBN warns forex dealers

The naira plunged further at the official window on Tuesday, closing at an all-time-low of N1,482 against the United States dollar.

United statesLagos stateGabriel idahosaJohnson chukwuAyo teribaFemi egbesolaSegun kuti georgeOlayemi cardosoChristian ebekeOla oladimejiFrancis meshioyeNigerian foreign exchange fx marketLagos chamberEconomic associatesInternational monetary fundCentral bank

CBN warns forex dealers as naira plunges to N1,482/$ at official market

CBN warns forex dealers as naira plunges to N1,482/$ at official market
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