AfDB offers solutions to Nigeria’s debt, forex challenges
The African Development Bank (AfDB) has provided key insights into how Nigeria and other African nations can address their growing
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forex
FX matching system, remittances key to Naira stability – CBN
The Central Bank of Nigeria (CBN) has assured that the Naira’s true value will be restored with the introduction of
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CBN to Bank customers: Beware of fake SWIFT messages on foreign exchange remittances
By MBAFAN ADE, Abuja- The Central Bank of Nigeria (CBN), has called on members of the public to be cautious
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CBN approves $20,000 for eligible BDCs at N1,580 exchange rate
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) has approved 20,000 dollars each for eligible Bureaux De
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Analysis: Dangote refinery and Nigeria’s forex
The 20-billion-dollar Dangote refinery investment with 650,000 barrel capacity per day will undoubtedly boost Nigeria’s foreign exchange. Equally, the project
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CBN records $553m remittance inflows for July
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), on Tuesday said it has recorded a significant increase
Read MoreCBN commences regular foreign exchange sales to bridge demand gap
The Central Bank of Nigeria (CBN) has commenced regular sale of foreign exchange (fx) through authorised dealer banks and
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CBN mandates BDCs to cap forex profit at 1.5%
The Central Bank of Nigeria (CBN) on Thursday directed Bureau De Change (BDCs) operators to sell forex at a
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Payment of N3.3 trillion accumulated power sector debts by President Tinubu: Another benefit from petroleum subsidy withdrawal and Forex rate unification policy to Nigeria – TDF
The Democratic Front once again commend the President and Commander-In- Chief of the Armed Forces of the Federal Republic
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CBN warns bank customers against using Forex as collateral for naira loans
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) has warned bank customers to desist from using
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Reduction in forex has no impact on petroleum pump price – Expert
An Oil and Gas expert, Mr Emmanuel Iheanacho, has said the improvement observed in the value of the naira,
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CBN clears ‘valid’ FX transactions to eliminate legacy backlog
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of s$7 billion have now
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CBN reports increased forex inflow as remittances quadruple to $1.3bn
The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflow into the economy
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Forex: Court strikes out charge against 19 BDC operators
Justice Lewis Allagoa of a Federal High Court in Lagos, on Monday, struck out the charge against 19 Bureau
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Monetary policy reforms will check inflationary tide, forex distortions – CBN
The Central Bank of Nigeria (CBN) has said the on-going reforms will check rising inflationary trend and address distortions
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CBN approves $20,000 to BDCs to meet demands
The Central Bank of Nigeria (CBN) on Tuesday approved allocation of 20,000 dollars to all eligible Bureau De Change
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CBN mandates forex sellers above $10,000 to declare sources
The Central Bank of Nigeria (CBN has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent
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CBN amends forex rates for Customs duty on importation
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), has reviewed the formula for fixing foreign exchange
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Naira free fall worrisome, embarrassing, says expert
A financial expert, Dr Chijioke Ekechukwu, has said the continued depreciation of the Naira has become worrisome and embarrassing.
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Forex: FG to raise $10bn for increased liquidity, Naira stability
The Federal Government has expressed determination to raise at least 10 billion dollars to increase foreign exchange (forex) liquidity to
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