Lordsonn: In parallel market, dollar is still 1176 naira. Continuing paying subsidy to bring down exchange rate is not sustainable. Watch and see how dollar will climb from next week. Aboki Fx was threatened not to post any exchange rate and that is one of the reasons naira is appreciating because many people check aboki Fx exchange rate before selling or buying dollars
The Central Bank of Nigeria (CBN) has delivered over 75 percent to 80 percent of outstanding matured FX forwards in banks.
According to the source who told BusinessDay, only international banks have been settled which include Citi Bank, Standard Chartered and Stanbic IBTC. “We have being directed to inform you that CBN has cleared all outstanding matured forwards forex,” a note from Citigroup showed. A top source in Nigeria’s apex bank confirmed the development to BusinessDay. “I can confirm the backlog in 14 banks have been cleared. Don’t quote me as I don’t have the details yet,” source said.
Cristiano Ronaldo liked and laughed in the comments on a video criticizing Messi's eighth Ballon d'Or.
The journalist said that Messi scored six penalties in the World Cup, and should have five Ballon d'Ors, arguing that he took one from Haaland, Lewandowski, and Xavi/Iniesta.
Rivers State House of Assembly signs impeachment notice against Governor Siminalayi Fubara.
24 out of the 32 lawmakers were present at the resumed plenary in the assembly auditorium following last night’s Fire incident affecting the main chamber.
pendusky: Which year has the naira gained before when e crashed
bro understand the post, look at our highest import, what happens when we stop importing petroleum products? Our problem is too much imports and petroleum up there has the highest percentage
Yeah dollar at 1200 but why do they keep buying it, aren't you scared Naira might start gaining,our highest imported item is petroleum products and the fg promised a refinery in December, what happens when we stop importing fuel and start refining won't the Naira start gaining? What's the essence of saving in dollars?or you think dollars would keep gaining for the next 4 years lol