Two weeks ago, the CBN lowered the weekly over-the-counter cash withdrawal limit for individuals to N100,000 and for corporate organisations to N500,000.
The naira on Wednesday exchanged at N450.58 to $1 at the Investors and Exporters window.
Tony Elumelu, chairman of Heirs Holdings, says Africa suffers the most trade discrimination and calls on its leaders to address the issue.
A total of N78.08 million was traded at the official Investors and Exporters window on Monday.
Gains were driven by price appreciation in tier-one banks and largely capitalised stocks.
Commissioner for Energy, Olalere Odusote, says the Lagos government will enact a law to regulate the electricity market.
The bill seeks a regulated and more organised process of granting corporate tax holidays and import duty waivers to investors and businesses.
In an interview on Saturday, Mr Okhiria said the corporation arrived at the figure using the working document for earnings between January and March.
“We are also working with industry stakeholders to ensure normalcy is returned as soon as possible.”
The minister said crude oil theft had impacted negatively on Nigeria’s foreign exchange inflow.
