THE Central Bank of Nigeria has raised its Standing Lending Facility rate to 31.75 percent to boost stability within the financial sector. The apex bank disclosed this in a circular issued on Monday by its director, Financial Market Department, Omolara Duke, lifting the suspension on SLF. The SDF rate, applicable …
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100 Sacked CBN Staff Sue The Bank for Over N1B
THE Central Bank of Nigeria (CBN) has been taken to the National Industrial Court (NIC) by over 100 of its recently sacked staff, who were dismissed under the bank’s re-organisation strategy implemented by President Bola Tinubu’s administration. The affected staff are seeking payment for damages and entitlements, among other claims. …
Read More »Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 23rd August 2024
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 22nd August, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
Read More »Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 18th August 2024
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 17th August, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
Read More »Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 17th August 2024
THE exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market also known as the black market, especially the Aboki fx as of 17th August 2024 is N1,605 for 1 USD. This rate is often sourced from the latest data provided by Bureau De Change …
Read More »Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 11th August 2024
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 10th August, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
Read More »Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 9th August 2024
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 8th August, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
Read More »Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 8th August 2024
WHAT is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 7th August, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
Read More »CBN Approves Sale of $876.3m to 26 Banks to Crash Dollar Price
IN a bid to stabilise the Naira, the Central Bank of Nigeria (CBN) has approved the sale of $876.26m to 26 banks. The Apex bank said it received a total of $1.18bn request from 32 authorised banks that submitted comprehensive templates of their unmet foreign exchange demand to customers. It …
Read More »CBN Adopts Retail Dutch Auction To Boost Liquidity
THE Central Bank of Nigeria (CBN) says it undertook the sale of foreign exchange (Fx) to end users through a Retail Dutch Auction System (rDAS). According to a statement by Omolara Duke, Director, Financial Markets Department of the apex bank, the step was taken on Tuesday to reduce the …
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