Naira

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Naira exchanges at N464.67 to dollar

Naira exchanges at N464.67 to dollar

Naira remained unchanged on Thursday, exchanging at N464.67 to the dollar at the Investors and Exporters window. The local currency did not change from its value on Wednesday, while the open indicative rate closed at N464.64 to the dollar on Thursday. An exchange rate of N467 to the dollar was the highest rate recorded within […]

Naira Redesign: Massive cash hoarding resumes

Naira Redesign: Massive cash hoarding resumes

There are indications that Nigerians have resumed cash hoarding following the relaxing of the currency redesign and cashless measures of the Central Bank of Nigeria (CBN).