Naira slumps further, exchanges for 570/$ - Punch Newspapers

A week earlier, the naira had traded to the dollar at the rate of 534.

According to the official website of the Bureau de Change operators, naijabdcs.com, the dollar was bought and sold at N568 and N570 respectively.This was as the Central Bank of Nigeria maintained its official rate at 410.57/$ on its website. As part of efforts to address forex shortage in the economy, the CBN ordered the banks to go tough on defaulters.

In a mail to its customers, Fidelity Bank said, “The CBN has instructed all banks to publish on their websites the names and BVNs of defaulting customers who fail to return the purchased Personal Travel Allowance and Business Travel Allowance within the two-week period specified in the customer declaration form signed by them.”

It stated that its ability to provide forex for personal and business travel as well as payment for overseas education, medical and other eligible invisible transactions was hampered by a few customers attempting to circumvent the new FX Policy of the Central Bank of Nigeria through unwholesome practices, including the use of fake visas and cancellation of air tickets after purchase of PTA and BTA.All rights reserved.

🙆🏾‍♂️🙆🏾‍♂️🙆🏾‍♂️ MBuhari should better come out of za oda room and smell the stench of his bad policies and see the negative consequences of his absolute disregard for rule of law and constitutional freedoms

I thought CBN said Bureau De changes were the causes of rise in Dollars, but they have been off the market for over a month

Omo! Wetin dey escalate bayi

Just out❤❤🏘🌏👷🏾 A standard roomself BQ(sweet pop ceilling and well-tiles)Apartment at shomolu in a gated community with interlock tile road. Rent :300k(1½ required) Agreement-70k Commission-70k Caution fee-50k Bricks & Beams Real Estate Agency and Consultancy🏘 EndSARS

Free fall

Wawu

Kilowalode. One Pepsi can go soon cost 10k Naira . Honda EOD will sell for 3.3 Billion naira ! Ha ha !

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