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CBN refutes $1.3bn fuel import FX report

CBN refutes $1.3bn fuel import FX report

By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has refuted the report that it allocated $1.269 billion foreign exchange for the importation of petroleum products in the first quarter of the year.“It said in a statement yesterday that the report was misleading and inaccurate. “The Central Bank of Nigeria (CBN) has noted […]

Naira appreciates to N1,487/$ in parallel market

Naira appreciates to N1,487/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,487 per dollar in the parallel market from N1,491 per dollar on Monday. Similarly, the naira appreciated to N1,447 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to […]