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In February 2021, the CBN banned financial institutions from honouring cryptocurrency-related transactions and services with immediate effect.
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In February 2021, the CBN banned financial institutions from honouring cryptocurrency-related transactions and services with immediate effect.
President Muhammadu Buhari-led government had called for the extension of the take-off.
The exchange rate gained at the parallel market to close at N493/$1 compared to N502/$1 recorded on Wednesday.
The nation’s official exchange rate will be determined by NAFEX rate or the importer and exporter (I&E) FX window.
It became clear Friday that the 379 rate had been removed from the CBN website.
The naira appreciated against the US dollar on Wednesday to close at N410.5/$1.
The incentive program was introduced to encourage recipients of dollars to use formal banking channels and help the central bank capture such inflows.
The naira appreciated against the US dollar at the Investors and Exporters window on Friday to close at N410/$1.
The naira appreciated against the US dollar at the Investors and Exporters window on Thursday to close at N411/$1.
The naira depreciated against the US dollar at the Investors and Exporters window on Tuesday to close at N411.67/$1.