The foreign exchange crisis worsened yesterday as the local currency further depreciated, exchanging at N1,600 to a dollar at the parallel market, findings have shown. This was coming a few days after the local currency hit an all-time low at the official market, crossing N1,500 to one dollar, reports Daily Trust. The naira has come […]
Banks are inducing their customers to sell the foreign currencies domiciled in their branches. Some of the banks, it was discovered, have developed platforms to sensitise customers on how the dollar deposits in their domiciliary accounts can be converted to naira, reports The Nation. In a note via SMS to customers, some of the banks […]
The naira continued its rebound against the dollar today, strengthening to N950/$ on the average in the parallel market. This represents a N170 gain or a 15.18 per cent appreciation of the local currency compared to the N1,120 it traded for yesterday, reports The PUNCH. This is also the second day of recovery for the […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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