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    Five levies Nigerians pay for electronic transactions

    The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex...

    Dana Air faces backlash over delayed refunds after suspension

    Since the operations suspension of Dana Air, passengers have expressed growing frustration over the airline’s delay in ticket refunds. The suspension, which occurred after a...

    16 banking transactions exempted from CBN’s new cybersecurity levy

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    NYSC DG urges Corps members to promote unity in host communities

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    Naira crashes to record low at official market

    The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.

    At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but closed at 422.07/$1.

    The naira had depreciated by 0.19 per cent to 415.10/$1 on Wednesday after closing at 414.30/$1 on Tuesday.

    At the parallel market, the dollar was bought at N565 and sold for N570, according to some operators in the black market.

    The Central Bank of Nigeria, however, maintained N410.91/$1 as its official rate on its website.

    In July, the CBN stopped forex sales to the Bureau de Change operators and assured that it would supply forex to legitimate users through the banks.

    Copyright PUNCH.

    Latest Posts

    Five levies Nigerians pay for electronic transactions

    The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex...

    Dana Air faces backlash over delayed refunds after suspension

    Since the operations suspension of Dana Air, passengers have expressed growing frustration over the airline’s delay in ticket refunds. The suspension, which occurred after a...

    16 banking transactions exempted from CBN’s new cybersecurity levy

    The Central Bank of Nigeria on Monday directed all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions within...

    NYSC DG urges Corps members to promote unity in host communities

    The Director-General of the National Youth Service Corps (NYSC), Brigadier General Y.D Ahmed, has urged Corps members to serve as exemplary ambassadors, promoting unity...

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