Forex: Naira slumps to N280/$ on interbank market
lCBN appoints 15 FX primary dealers Tony Chukwunyem
T
he naira plummeted against the dollar on the
interbank yesterday, as the Central Bank of Nigeria’s (CBN) new forex
policy commenced on an impressive note after an initially slow pace.
The banking watchdog sold a total of $616.5 million on the first day of trading under the new system, initially selling $530 mil-
lion for N280 per dollar at a special auction to clear $4 billion forex backlog and later selling a further $86.5 million directly on the in-
Senate queries CBN, BOI, airlines over N500bn intervention funds }2
terbank market at between N280 to N285, Thomson Reuters data showed. The banking watchdog, in a statement, also confirmed that it cleared CONTINUED ON PAGE 4
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Ize-Iyamu emerges Edo PDP guber candidate }42
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Abia North: No election in Arochukwu, Isuikwuato – Witnesses }41
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Jonathan's aide, Dudafa, gets N500m bail }10
Biafra: Kanu drags Justice Tsoho to NJC }3
N150
Nigerians reject immunity, pension for Saraki, Dogara lTUC, SERAP, Balarabe, Junaid, others kick Ize-Iyamu
Yakubu
Dufada
Kanu
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lFG may arraign Senate president, Ekweremadu today Civil servants protest, demand removal of Finance Minister
}5
Finance Minister, Kemi Adeosun
Staff of the Federal Ministry of Finance protesting at the gate of the ministry in Abuja… yesterday.
PHOTO: ELIJAH OLALUYI
Campaign funds: EFCC freezes Fayose’s account lGovernor accuses Buhari’s wife of corruption
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Too many selfies could speed up ageing
}6