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Naira advanced gain by 1% to 326.25 to the United States Dollar by 5:10pm in Lagos, strongest since Aug. 16
The currency 3-month on deliverable forwards also jumped +0.3% to 349 US Dollar
Ghana Cedi weakened further by -0.5% to 3.97 o the US Dollar, lowest since Aug. 16
Meanwhile, the Central Bank of Nigeria (CBN) has barred eight banks from all foreign exchange transactions for breach of extant financial regulations
Thisday, exclusively gathered that they were barred for concealing and failing to remit the Nigerian National Petroleum Corporation (NNPC) dollar funds to the federal government’s Treasury Single Account domiciled in the CBN as directed by the Presidency last year.
The currency 3-month on deliverable forwards also jumped +0.3% to 349 US Dollar
Ghana Cedi weakened further by -0.5% to 3.97 o the US Dollar, lowest since Aug. 16
Meanwhile, the Central Bank of Nigeria (CBN) has barred eight banks from all foreign exchange transactions for breach of extant financial regulations
Thisday, exclusively gathered that they were barred for concealing and failing to remit the Nigerian National Petroleum Corporation (NNPC) dollar funds to the federal government’s Treasury Single Account domiciled in the CBN as directed by the Presidency last year.