The Central Bank of Nigeria (CBN) on Friday, released the sum of $265 million to airlines operating in the country, to settle outstanding ticket sales in a bid to avoid brewing catastrophe in the country’s aviation sector. A breakdown of the figure indicates that the sum of $230 million was released as a special FX intervention Read More…
Tag: Forex
Naira falls at investors, exporters window
The Naira on Tuesday depreciated at the Investors and Exporters window, against the dollar, exchanging at N431. The figure represented a decrease of 0.90 per cent compared with the N427.17 it exchanged to the dollar on Monday. The open indicative rate closed at N427.30 to the dollar on Tuesday. An exchange rate of N444 to Read More…