CURRENCIES

Exchange rate closes the week at N1,469.97/$1 at official market as demand pressure persists  

CBN edges towards free float of naira with discontinuation of cap on forex transactions 

CBN discontinues ±2.5% cap spread on Interbank FX transactions

International transfers through Western Union, others to be paid out in naira

Nigeria sees over $1 billion in FX market supply in the past “few days” – Cardoso 

No respite for the Naira as the exchange rate closes at N1,479.47/$1 at the official market

Forex turnover falls 56.17% to $203 million despite CBN’s current policies 

Reps claim four banks have $5 billion excess FX, to probe non-compliance to CBN’s directives

FG, States, and LGAs share N2.517 trillion FAAC exchange rate gain in 2023

EFCC to enforce laws against dollarization of the economy, Naira Mutilation