Tag Archives: Dollars

CBN threatens to sanction financial institutions rejecting old, lower denominations of US Dollars

Commercial banks, other financial institutions and licensed Bureau De Change (BDC) operators who reject old and lower denomination of the United States dollar bills will be sanctioned. The apex bank, Central Bank of Nigeria (CBN) issued this statement recently. In a circular signed and released to relevant stakeholders by its Director, Currency Operations Department, Ahmed Umar, the apex bank directed ...

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Exchange rate between Naira and US Dollar stands at ₦465/US$1

The exchange rate between the naira and the US dollar for today (Tuesday, January 5th 2021), stands at ₦465/US$1 in the parallel market. The rate had also closed at ₦465/US$1 on Monday, January 4th 2021. Naira: ₦465 Dollar: $1 Date: January 5th, 2021 The exchange rate between the naira and the British pound sterling stands at ₦615/₤1 on Tuesday, January ...

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