Tag: Forex
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Black market struggles after Naira’s big drop on official market
The naira fell 36% on Wednesday, the most in seven years, after the Central Bank of Nigeria removed controls and allowed the currency to...
Naira drops to six-month low at parallel market
The naira fell to N780 a dollar at the parallel market on Friday, trading at its lowest rate in at least nearly seven months.
The...
Banks BTA cut reveals Nigeria’s forex trouble as reserves hit 17-month low
Major Nigerian banks have announced cuts in personal travel allowance and business travel allowance payments to people travelling outside the country.
First Bank, Access Bank...
Nigerian banks cut forex payments to foreign travellers
Major Nigerian banks announced new amounts they will be paying as personal travel allowance and business travel allowance to people travelling outside the country,...