UPDATED: #EndBadGovernance: Tinubu speaks, won’t reverse petrol subsidy removal, naira floating
In a televised broadcast, the president said the policies, despite the temporary adverse effects, were necessary and had helped remove ...
Tag: Investors & Exporters
![The Central Bank of Nigeria, CBN. [PHOTO CREDIT: Ehud Kaduna]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2022/01/20200913_161409-scaled-e1652250793565.jpg?resize=350%2C250&ssl=1)
CBN lifts cash deposit restriction on domiciliary accounts, allows $10,000 daily withdrawals
The CBN disclosed this in a press statement after deliberating at an extraordinary Bankers’ Committee meeting
43 non-eligible items remain banned from I&E window – CBN
In 2015, the Central Bank classified 43 items as “Not Valid for Foreign Exchange”
CBN debunks reports of naira devaluation
The apex bank described reports of devaluation as “falsehoods”
Naira falls at parallel market amid World Bank caution
The currency limped back to gain at at the official market.
![Dollar and Naira bills [Photo credit: NairaFX]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2016/11/Bureau-de-Change.jpg?resize=350%2C250&ssl=1)
Naira strengthens on I&E window
The gain at the NAFEX window was significant.
Naira gains on I&E window, stable at parallel market
The currency remained stable at the parallel market.
Naira stable at forex markets
The currency was stable at the spot and parallel markets Tuesday.
Naira falls on black market, gains on I&E window
The currency closed at N480 to a dollar.
Naira falls against dollar as CBN vows sanctions over remittances
Naira lost both at the import and export window, and the parallel market.