The Central Bank of Nigeria, on Wednesday, announced limits on how much banks can hold in foreign currencies and expressed concern about the growing forex exposures on their balance sheets after the local currency tumbled against the U.S. dollar. Nigeria’s currency fell to a record low on the official market on Tuesday, slipping below the unofficial […]
Pakistani Rupee dropped to an all-time low against the U.S. dollar, crossing the barrier of 300 Rupees to the greenback, on Thursday, the State Bank of Pakistan said. The closing exchange rate of the Pakistani currency in the interbank market stood at 300.22. This is a decrease of 0.58 rupee or 0.19 per cent from […]
The Association of Bureaux Des Change Operators of Nigeria (ABCON) says the nation’s currency, Naira, has continued to firm against the Dollar at the parallel market as date for the introduction of new currency notes draw nearer. Alhaji Aminu Gwadabe, President (ABCON), told newsmen on Wednesday in Lagos that there is growing return to sanity […]