Emirates cuts Nigerian flights as CBN withholds $85 million revenues over forex crisis

Nigeria’s forex crisis has advanced on all fronts as the naira continues to fall against the dollar, sending prices soaring and spiking the cost of living.

Naira crashes to N710 per dollar

Today’s record fall comes a year after the Central Bank of Nigeria (CBN) prohibited the sale of foreign currency to bureau de change operators.

Dollar hits N610 to naira

From N588 per dollar on May 8, to N610, the naira has depreciated against the dollar over the past two weeks

Dip: Naira exchanges at N419.25 per dollar at official window

The dip represents 0.18 depreciation having exchanged at 418.50 per dollar on Tuesday.

Farmers not repaying loans; believe it’s ‘national cake’, CBN laments

Mr Ajayi said their refusal to pay back the loans have made it difficult for others to access the loan.

Judge in Emefiele’s hometown orders INEC to allow CBN governor run for president without resigning

Emefiele left hanging as court adjourns suit to May 23

The court adjourned till May 23 for continuation of the matter.