Naira depreciates further, exchanges for N572/$1 at parallel market

The Nigerian naira traded at N572 per dollar on Monday at the parallel section of the foreign exchange market. The figure is higher by N2 or 0.4 percent from the N570 it traded two weeks ago. Bureaux De Change operators…

CBN set to unveil new market-driven FX framework

The Central Bank of Nigeria (CBN) plans to introduce a new market-driven foreign exchange regime, the Governor, Mr Godwin Emefiele has announced. According to him, the new forex regime would open up greater opportunities to grow the manufacturing sector and…