The CBN has announced the resumption of the $20,000 daily forex sale to Bureaux De Change (BDCs) after three years of suspension from the official forex window.According to the approved CBN’s record...
In the recent happenings in stabilising the Naira, the Central Bank of Nigeria has reportedly sold over $300 million to Deposit Money Banks in the last two weeks as ongoing measures to strengthen the ...
The Central Bank of Nigeria (CBN) has announced its move to peg the payment of cash dollar purchases to a customer at $500, stating that the foreign currency that exceeds this amount will be made thro...
The naira has been continually gaining little by little against the dollar at the official market. On Wednesday, the naira finished more robustly at the Nigerian Autonomous Foreign Exchange Market (NA...
On Thursday, it was reported that the naira appreciated a little against the United States dollar at the Nigerian Autonomous Foreign Exchange Market to close at N1,498.25/$ from N1,503.38/$ that was r...
It has been reported that FX inflows at the Nigerian Autonomous Foreign Exchange Market (NAFEM) increased by 66.7% last week to settle at $2.2 billion after local commercial banks followed the directi...
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), today expounded on the plans to relocate some departments and personnel to other apex bank branches nationwide, especially those in ...
The Central Bank of Nigeria (CBN) today imposed a limit on how much local banks can hold in foreign currencies. It expressed concern about the increase of forex exposures on its balance sheet followin...
The Central Bank of Nigeria recently announced that it has successfully cleared the backlog of foreign exchange owed by foreign airlines. The apex bank said it has successfully removed all verified cl...
On Monday, the naira fell to N1348.63/$ at the Nigerian Autonomous Foreign Exchange Market. The decline shows a 51.21% drop from how the N891.90/$ traded last Friday at the official market. This data ...