CBN - Central Bank Of Nigeria
Naira continues to perform poorly against the dollar in both the official and black markets and observers have blamed the emergence of 2 platforms.
According to the official rate that was derived from the FMDQ, the local currency closed at N1,234 to the dollar on Monday, April 22, making it N1,234/$.
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In recent days, the Naira has depreciated against the US dollar in the official markets after weeks of an unprecedented rally, causing concern among Nigerians.
The Nigerian currency, the naira, has crashed in all the markets after weeks of rebounding against the dollar, making the world's best-performing currency
A financial analyst, Abdulmumin Ali, has described how Nigeria can overcome its current foreign exchange challenges, beat inflation and boost the naira.
First Bank of Nigeria Limited (FirstBank Group) has announced a new leader at the helm of affairs, Adesola Adeduntan, following the resignation of its MD/CEO.
Goldman Sachs has described the Nigerian naira as the top-performing currency globally, with its recent strong performance against the US dollar.
Adesola Adeduntan, the Chief Executive Officer and the managing director of First Bank of Nigeria Limited has written a letter explaining his decision to resign.
CBN - Central Bank Of Nigeria
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