[Vanguard] A surge in demand for dollars in the parallel market driven by banks and end-users combined with slow forex disbursement to BDCs by the Central Bank of Nigeria, CBN, caused the Naira, last week, to fall by 23 per cent against the dollar, thus recording the worst weekly performance of the Naira since February.
[Premium Times] PREMIUM TIMES believes that it is therefore incumbent on NSA Ribadu to develop a new security paradigm that will reverse this ugly landscape.
[This Day] President Bola Tinubu, yesterday, said last year's removal of fuel subsidy and current efforts by his administration to manage Nigeria's foreign exchange market were necessary steps that prevented the country from going into bankruptcy.
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