CBN Devalues Naira To N630/$1 - Prompt News
There has been a wide margin between the I&E window and the parallel market, a situation that experts say encouraged round-tripping with Bureau de Change operators.
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There has been a wide margin between the I&E window and the parallel market, a situation that experts say encouraged round-tripping with Bureau de Change operators.
CBN has reportedly devalued the naira, and the local currency is now trading ₦630 Per $1 from N461.6 it sold at the Importers and Exporters (I&E) window the previous day
The Central Bank of Nigeria (CBN) has reportedly devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E)
The Naira has crashed to all time low at the Import and Export window following a decision by President Bola Tinubu to devalue the currency, IgbereTV has learned. According to DailyTrust,
The police charged Aminu Usman, 26, Umar Salisu, 25, Usman Umar, 20, all residents of Guys Village, Kwali Abuja with criminal conspiracy and kidnapping.