Group commends FG’s decision to sell crude oil in Naira to domestic refineries
The Coalition of Northern Groups, CNG, has commended the federal government’s decision to sell crude oil in Naira to domestic refineries as against earlier arrangement of payment in US dollar.
Naira depreciates further against dollar to 1,515/$ as external reserves increase
The declining fortunes of the Naira persisted on Monday, with further depreciation in the parallel market to 1,515 to a dollar.
Cybersecurity Levy, National Security and Economic Growth
Central Bank of Nigeria’s proposal to implement the Cybersecurity levy, as outlined in the Cybercrimes (Prohibition, Prevention, etc) (Amendment) 2024,
Naira depreciates further as dollar sales to BDCs wobble
The declining fortunes of the Naira persisted yesterday with further depreciation in the parallel and official markets due to the reemergence of speculation and hoarding, even as some Bureaux De Change, BDCs withdrew from the Central Bank of Nigeria, CBN’s, dollar sales program.
Naira slides by 4.6% against dollar at official market
The naira on Tuesday depreciated at the official market, trading at N1,416.57 to the dollar.
Naira depreciates to N1,415/$ in parallel market
The Naira yesterday depreciated to N1,415 per dollar in the parallel market, from N1,410 per dollar on Monday.
