Naira depreciates to N287\$ as CBN refunds BDCs
LAGOS — The Naira depreciated to N287 per dollar at the parallel market, yesterday, following the decision of the Central Bank of Nigeria (CBN) to stop dollar sales to Bureaux de Change (BDCs).
Naira depreciates against dollar at parallel market
The naira on Wednesday depreciated against the dollar, after making a rebound on Monday at the parallel market.
Naira appreciates at parallel market
The naira on Wednesday firmed against the dollar at the parallel market.
I won’t devalue naira, says Buhari
PRESIDENT Muhammadu Buhari said, Wednesday, in Paris, France, that he opposed a further weakening of the naira and openly endorsed the Central Bank of Nigeria, CBN’s policy of restricting foreign-exchange trading.
Naira depreciation: ACCA slashes fees for Nigerian students
n recognition of the impact of the naira depreciation of the affordability of its fees for Nigerian students, Global accounting body, Association of Certified and Chartered Accountants (ACCA) has announced 60 percent reduction in registration fees for Nigerian students.
Bringing the naira and dollar to parity
I HAVE always believed that for us to move forward, we must reduce our challenges to simple terminology; the simpler the analysis, the easier to carry the masses along. Unfortunately, our experts are all grounded in the Bretton Wood ideology: the more we try to understand, the more complex the solutions. For example, why can’t we bring the naira at par with the United States dollar? Some might say it is not possible given the present day circumstances, but if we remember correctly in 1978, the dollar was even less than the naira at 65 kobo to one dollar.
