Pound Sterling

Panic As Naira Crashes to N700/£1 At Parallel Market

News Rangers4 years ago4 years ago04 mins

LAGOS JUNE 2ND (NEWSRANGERS)-The foreign exchange (Forex) market in Nigeria was thrown into a panic mood on Monday when the value of the Naira significantly depreciated against the Pound Sterling at the parallel market. Business Post reports that the Naira lost N10 against the British currency at the unregulated segment of the FX market to…

United Kingdom To Accept Naira Payments From Nigerian businessmen

News Rangers7 years ago04 mins

LAGOS FEBRUARY 9TH (NEWSRANGERS)-The United Kingdom government, through its export credit agency, UK Export Finance (UKEF), says it will now accept naira payments from Nigerian business owners who make procurement in the UK. The UK department of international trade made this known in a statement sent to newsmen. The statement said the local currency financing…

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Panic As Naira Crashes to N700/£1 At Parallel Market

United Kingdom To Accept Naira Payments From Nigerian businessmen