Key points Total fees paid to smugglers via sea routes to Europe to reach between …
Read More »Naira lost N7, trading N1,507/$ in official market
For the third consecutive day this week, the naira slumped against the United States dollar to surpass the N1,500 mark. The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, earlier this week assured that the excessive volatility of the naira is now a thing of the past. However, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed …
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