CBN forex

Food Crisis: Nigeria Customs Sells Seized Items, A Bag Of Rice For N10,000

CBN’s FX Rates For Import Duty Disrupts Our Services, Customs Boss Cries Out

Comptroller General of the Nigeria Customs Service (NIS), Adewale Adeniyi, has lamented about the current FX rates system approved by the Central Bank of Nigeria (CBN), saying it has caused disruptions in

Victor Ezeja

3 weeks ago

Naira Rebound To N1,400, CBN Clearing Of FX Backlogs Not Yet Time For Celebration - Expert

Business·Currency·Latest News

Save Naira: CBN Sells $20,000 Forex To BDCs At Reduced Rate Of N1,301/$

the Central Bank of Nigeria (CBN) has once again begun providing foreign exchange to Bureau de Change (BDCs) operators as a way of increasing liquidity in the forex market.

Victor Ezeja

2 months ago

Naira Depreciation Spurs Surge in Raw Material Imports To N3trn- NBS Reveals

Business·Latest News·Markets

Naira Trades For N1,900/$1 Despite Rising Demand: CBN, EFCC Collaborate To Tackle Currency Speculators

The Nigerian Naira experienced a slight appreciation against the United States dollar in trading sessions, despite concerns over widening gaps between official and parallel market rates. As per data from the FMDQ

Emmanuel Ochayi

2 months ago

Just In: CBN Resumes Fx Sale To BDCs At N1,021/$1

Business·Latest News·Markets

CBN Forex Policies Faltering As Naira Edges Closer To N1,700/$1: Is Stability Possible Amidst Structural Challenges?

The ongoing struggle to stabilize the naira against the dollar has intensified, with the exchange rate inching closer to a daunting N1,700/$1 mark. Despite concerted efforts by the Central Bank of Nigeria

Emmanuel Ochayi

2 months ago

Why CBN Adopted Market-based Approach In Managing Forex – Cardoso

Business·Latest News

Forex Backlog: $2.4bn Linked To Non-existing Entities, Says CBN Gov, Exposes Phantom Transactions

Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has made a shocking revelation about the foreign exchange backlog, stating that $2.4 billion of the $7 billion inherited were linked

Emmanuel Ochayi

3 months ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Finance & Economy

Naira Depreciation: ‘CBN’s New Measure Will Ease Forex Pressure’

Economic analysts have expressed optimism that the latest policy measures issued by the Central Bank of Nigeria will have a positive impact on the foreign exchange market and the economy in general.

Victor Ezeja

3 months ago

Nigeria's Inflation Projected To Reach 32.63% Amidst Economic Challenges

Business·Currency

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

The Central Bank of Nigeria (CBN) has placed restrictions on the amount of foreign exchange that banks may retain to prevent losses. This is as the country’s economy continues to witness depreciation

Victor Ezeja

3 months ago

EFCC Summons Dangote Group Officials Over Forex Transactions Probe

Economic and Financial Crimes Commission (EFCC) has summoned top officials from Dangote Group to provide documents on foreign exchange transactions spanning nine years.

Emmanuel Ochayi

4 months ago

Business·Finance & Economy·Latest News

Unified Exchange Rate Drives N1.36trn Revenue Gains For States- FAAC

In a financial revelation reshaping the economic landscape, Nigeria’s adoption of a unified exchange rate has led to a surge in foreign exchange gains, soaring to N1.36 trillion within six months. The

Emmanuel Ochayi

4 months ago

Economic Challenges, CBN And Reconstruction Policies

Business·Finance & Economy·Latest News

CBN’s FX Reforms Pose Challenges, Opportunities For Investment Bankers, Says AIHN

The winds of change in Nigeria’s financial landscape, stirred by the Central Bank’s foreign exchange (FX) reforms, were acknowledged as a double-edged sword by Ike Chioke, the former President of the Association

Emmanuel Ochayi

5 months ago

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CBN’s FX Rates For Import Duty Disrupts Our Services, Customs Boss Cries Out

Save Naira: CBN Sells $20,000 Forex To BDCs At Reduced Rate Of N1,301/$

Naira Trades For N1,900/$1 Despite Rising Demand: CBN, EFCC Collaborate To Tackle Currency Speculators

CBN Forex Policies Faltering As Naira Edges Closer To N1,700/$1: Is Stability Possible Amidst Structural Challenges?

Forex Backlog: $2.4bn Linked To Non-existing Entities, Says CBN Gov, Exposes Phantom Transactions

Naira Depreciation: ‘CBN’s New Measure Will Ease Forex Pressure’

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

EFCC Summons Dangote Group Officials Over Forex Transactions Probe

Unified Exchange Rate Drives N1.36trn Revenue Gains For States- FAAC

CBN’s FX Reforms Pose Challenges, Opportunities For Investment Bankers, Says AIHN

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