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devaluation of the naira is seen reducing airlines’ trapped funds and easing their repatriation from Nigeria, according to industry operators. The chairman of Airlines and Passengers’ Joint Committee (APJC) of the International Air Transport Association, Bankole Benard said what the introduction of the new rate would mean for airlines is that it will reduce the […]
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The Central Bank of Nigeria (CBN) has denied a media report that it has devalued the naira to N631 per dollar at the Importers and Exporters (I&E) window. a tweet via its verified Twitter handle on Thursday morning, the apex bank said it did not devalue the Naira, adding that the news was fake. The […]
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The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window the previous day. The devaluation came 48 hours after President Bola Ahmed Tinubu, in his inaugural speech on Monday, said the apex bank must work towards a unified exchange […]
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