CBN introduces new FX sales to BDCs BUSINESS CBN introduces new FX sales to BDCs dolotop February 6, 2025 The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to...Read More
CBN extends FX sale period to Bureau de Change operators BUSINESS CBN extends FX sale period to Bureau de Change operators dolotop February 4, 2025 The Central Bank of Nigeria (CBN) has extended the Foreign Exchange (FX) sale period to Bureau de...Read More
Naira depreciates by 1.4% as CBN extends FX sales deadline BUSINESS Naira depreciates by 1.4% as CBN extends FX sales deadline dolotop February 4, 2025 The Naira depreciated at the official market on Monday, trading at N1,495.60 to a dollar. Data from...Read More
FX code will stabilise naira, ensure forex market transparency – TMSG BUSINESS FX code will stabilise naira, ensure forex market transparency – TMSG dolotop February 2, 2025 The Tinubu Media Support Group (TMSG) has described the Nigeria Foreign Exchange code (FX code) as the...Read More
CBN unveils new FX code to reform market practices BUSINESS NEWS Nigerian News CBN unveils new FX code to reform market practices dolotop January 28, 2025 The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Tuesday unveiled a new Foreign...Read More
AfDB offers solutions to Nigeria’s debt, forex challenges BUSINESS AfDB offers solutions to Nigeria’s debt, forex challenges dolotop December 9, 2024 The African Development Bank (AfDB) has provided key insights into how Nigeria and other African nations can...Read More
FX matching system, remittances key to Naira stability – CBN BUSINESS FX matching system, remittances key to Naira stability – CBN dolotop November 30, 2024 The Central Bank of Nigeria (CBN) has assured that the Naira’s true value will be restored with...Read More
CBN introduces electronic foreign exchange matching system to curb speculation BUSINESS CBN introduces electronic foreign exchange matching system to curb speculation dolotop October 4, 2024 The Central Bank of Nigeria (CBN), has announced the introduction of an Electronic Foreign Exchange Matching System...Read More
CBN approves $20,000 for eligible BDCs at N1,580 exchange rate BUSINESS CBN approves $20,000 for eligible BDCs at N1,580 exchange rate Bode September 7, 2024 By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) has approved 20,000 dollars each for...Read More
Analysis: Dangote refinery and Nigeria’s forex Analysis NEWS Analysis: Dangote refinery and Nigeria’s forex Bode September 1, 2024 The 20-billion-dollar Dangote refinery investment with 650,000 barrel capacity per day will undoubtedly boost Nigeria’s foreign exchange....Read More
CBN offers $876m to FOREX markets, pledges more liquidity support BUSINESS CBN offers $876m to FOREX markets, pledges more liquidity support Bode August 8, 2024 By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), has offered 876 million dollars to...Read More
CBN commences regular foreign exchange sales to bridge demand gap BUSINESS CBN commences regular foreign exchange sales to bridge demand gap Bode July 20, 2024 The Central Bank of Nigeria (CBN) has commenced regular sale of foreign exchange (fx) through authorised...Read More
CBN mandates BDCs to cap forex profit at 1.5% BUSINESS CBN mandates BDCs to cap forex profit at 1.5% Bode July 19, 2024 The Central Bank of Nigeria (CBN) on Thursday directed Bureau De Change (BDCs) operators to sell...Read More
Forex crisis: Court permits EFCC to freeze 1, 146 individuals, companies accounts Judiciary NEWS Forex crisis: Court permits EFCC to freeze 1, 146 individuals, companies accounts Bode April 29, 2024 A Federal High Court, Abuja has granted an interim order sought by the Economic and Financial...Read More
CBN warns bank customers against using Forex as collateral for naira loans BUSINESS CBN warns bank customers against using Forex as collateral for naira loans Bode April 8, 2024 By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) has warned bank customers to...Read More
Recent forex stability commendable, says Cardoso BUSINESS Recent forex stability commendable, says Cardoso Bode March 27, 2024 The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says recent stability achieved in...Read More
Reduction in forex has no impact on petroleum pump price – Expert BUSINESS Reduction in forex has no impact on petroleum pump price – Expert Bode March 26, 2024 An Oil and Gas expert, Mr Emmanuel Iheanacho, has said the improvement observed in the value...Read More
CBN reports increased forex inflow as remittances quadruple to $1.3bn BUSINESS CBN reports increased forex inflow as remittances quadruple to $1.3bn Bode March 8, 2024 The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflow...Read More
CBN revokes licenses of 4,173 BDC operators BUSINESS NEWS CBN revokes licenses of 4,173 BDC operators Bode March 2, 2024 By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), has announced revocation of operational...Read More
Monetary policy reforms will check inflationary tide, forex distortions – CBN BUSINESS Monetary policy reforms will check inflationary tide, forex distortions – CBN Bode February 28, 2024 The Central Bank of Nigeria (CBN) has said the on-going reforms will check rising inflationary trend...Read More