As Currency Woes Deepen, Naira crashes to N470/$1

The exchange rate at the parallel market fell to another new 3-year low closing at N470/$1 on Wednesday, July 15, 2020. However, on the officially recognized NAFEX Market, the forex turnover rose by 44.9% while the exchange rate depreciated closing at N386.50/$1.        Parallel Market: At…

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ABCON Warns Forex Speculators as BDCs Set to Resume Operations

The Association of Bureaux De Change Operators of Nigeria (ABCON) has warned its members and forex speculators putting pressure on the naira exchange rate to desist from such activities or…

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