Abuja & Lagos (New Telegraph) – The naira fell close to N500 against the dollar on the parallel market due to dollar shortages yesterday as Bureaux De Change (BDC) operators set their quotes for dollar purchases at N399/$ for next week, traders said . . .
Some divided stakeholders in Nigeria say the policy may ease business and stifle local firms . . .
The Federal Government’s recent currency swap deal with China holds both bright prospects and grave implications for Nigeria even as the Naira inched up against the Dollar at the weekend at the parallel market . . .
Femi Falana asks court to ban dollar as a legal tender in Nigeria
A Nigerian Human Rights lawyer, Mr. Femi Falana (SAN), filed a suit before the Federal High Court in Abuja on Wednesday, praying for an order restraining the Central Bank of Nigeria from allowing market forces to determine the exchange rate of the naira . . .