News
CBN Devalues Naira To N630 Per Dollar
Naira has reportedly been devalued by the Central Bank of Nigeria to N640 to a dollar, from N461.6 sold at the Importers and Exporters (I&E) window the previous day.
The Naira was devalued barely 48 hours after President Bola Tinubu announced his plan to unify the country’s exchange rate to stimulate the economy.
A wide margin between the I&E window and the parallel market otherwise known as “black market”, has encouraged round-tripping with Bureau de Change operators.
Daily Trust reported that CBN Governor, Godwin Emefiele discussed the issue of the exchange rate at a meeting with Tinubu on Tuesday, May 30.
-
News3 days agoOsun Park Chairman, Alowonle Currently On Life Support, Osun Govt Raises Alarm
-
News3 days agoStudents Protest UNILESA’s Tuition Fee Hike From N290,000 To N1.5m
-
News5 days ago2026: We’ll Zone Governorship Ticket To Osun West, If …. Says APC Chieftain, Akere
-
News4 days ago
Governorship Ticket: You Lack Capacity To Speak For Our Party, APC Group Tackles Sunday Akere