The Association of Bureaux De Change of Nigeria (ABCON) is calling on the Central Bank of Nigeria to give Bureaux De Change (BDCs) digital autonomy to achieve better exchange rate convergence.The Pres...
Recently, the CBN announced that it was working alongside commercial banks in Nigeria to clear the $10 billion foreign exchange backlog within the space of 2 weeks.This announcement was made on Tuesda...
The Anchor Borrowers Programme Loan Scheme introduced with the assistance of the CBN has been experiencing some difficulties in recovering funds given to beneficiaries of the program.Most people colle...
On Wednesday, August 23, the naira lost against the dollar at the parallel market causing it to fall to N900/$.This fall is coming barely after the naira was sold to the dollar for N960 at the black m...
It's not up to a week after the apex governor had a closed-door meeting with President Tinubu in the Presidential Villa on ways to stop the naira from devaluation. After the meeting with the President...
The Federal Government has announced the provision of N5 billion palliative to 36 states of the federation, including the Federal Capital Territory (FCT) to provide temporary relief for the hardship f...
On Thursday night, the Central Bank of Nigeria (CBN) introduced a foreign exchange (FX) price verification system (PVS) portal to assist importers have access to forex.Upon the announcement on Thursda...
Despite all efforts by Tinubu’s administration to make the naira stand strong against the dollar, it has been losing value almost every two weeks. With this, the Central Bank of Nigeria (CBN) is put...
Sterling Financial Holdings firm Plc's Group CEO, Yemi Odubiyi, has purchased an additional 17,500,000 shares in the firm for N65 million; it wasn't up to a week since he purchased N354 million worth...
The Central Bank of Nigeria (CBN) has unveiled its Consolidated Financial Statements spanning seven consecutive years. This disclosure marks a notable departure from the past, as the apex financial in...