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CBN Offloads Forex to BDCs at N1,251/$1 Amid Naira’s Recovery The naira had plummeted to record lows over recent months, dropping from approximately N700/$1 last May to around N2,000/$1 in January, before showing signs of appreciation in March.
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A man exchanges Nigeria’s currency, the Naira, for US dollars in Lagos, Nigeria. (Photo by PIUS UTOMI EKPEI – AFP) Amidst months of unprecedented uncertainties, the Naira gradually appreciates against the dollar, prompting the Central Bank of Nigeria (CBN) to announce the sale of $10,000 to each eligible Bureau De Change (BDC) operator in […]
Nigeria risks 23% fall in GDP if COVID-19 outbreak, global economic turmoil worsen – Dalberg
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NIS seizes dangerous drug from Cameroonian in Adamawa
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