BREAKING CBN devalues Naira, fixes dollar sales [Details]

The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar.

READ ORIGINAL ARTICLE

This brings the Naira closer to the exchange rate unification policy recommended by the International Monetary Fund (IMF) and the World Bank.

• Tiwa Savage Ft Naira Marley – Ole
• Copy linkTori Keeche Ft Naira Marley – Yoga

• Copy link5th Mansion Of Naira Marley In Lekki – See Photo
• Copy linkMook Boy – Million Dollar Wave
• Copy linkUPDATE! See Latest Exchange Rate As Naira Crashes Heavily Against Dollar
• Copy linkNaira Marley – Idi Oremi (Opotoyi 2)
• Copy linkRemembering The Man That Returned 1.8M He Found In Carton Of Indomie And What The Owner Gave Him.
• Copy linkCOVID-19: Nigerian govt gives schools permission to write third term exams
• Copy linkKE International Contract To Construct The $6 Billion Akon town In Republic of Senegal
• Copy linkUpdate On Reopening Of NYSC Orientation Camps – FG

In a weekly update for International Money Transfer Service Operators (IMTOs), Bureau De Change (BDC) Operators and Service Providers were instructed to add N6 across all rates.

The circular was signed by O. S. Nnaji, CBN Director, Trade & Exchange Department.

The exchange rate for the disbursement of IMTOs proceeds is effective Monday, November 30 to Friday, December 4, 2020.

The CBN pegged IMTOs sale of the American currency to banks at N388 to dollar.

• UPDATE! See Latest Exchange Rate As Naira Crashes Heavily Against Dollar
• Copy linkTiwa Savage Ft Naira Marley – Ole
• Copy linkNaira Marley – Idi Oremi (Opotoyi 2)
• Copy linkRemembering The Man That Returned 1.8M He Found In Carton Of Indomie And What The Owner Gave Him.
• Copy linkSkip Marley – My World
• Copy linkNaira Marley – As E Dey Go
• Copy linkNigerian Naira Is No Longer N360.58 Or N420.00 Per Dollar, Check Out The New Value.
• Copy linkTrending! Naira Falls To Another 3-Year Low At Black Market – New Exchange Rate

Banks sale to CBN was fixed at N389 to dollar; CBN sale to BDCs will be N390 to dollar.

All BDC operators to sell to end-users at not more than N392 to dollar.

Each Bureau De Change is entitled to buy $10,000 weekly.

The apex bank further directed that the Great Britain Pound (GBP) rate should be derived from the US Dollar across rate on the date of sale.