Browse Tag

CBN forex

Nigeria’s FX Allocation To Foreign Education Drops By 83% Amid Enrolment Decline

July 25, 2024

Nigeria’s FX allocation to foreign education has dropped amid decline in enrolment of international students, especially in the United Kingdom universities. The latest Central Bank of Nigeria (CBN) statistical bulletin revealed that

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business News

Import: CBN Stops Price Verification System For Form M

June 28, 2024

The Central Bank of Nigeria has discontinued its Price Verification System (PVS) required for validation of Form M application. In a circular released on Wednesday, 26 June, the apex bank said the

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

Business News·News

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

April 4, 2024

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

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business News·Currency·News

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

February 27, 2024

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.

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

Business News·Markets·News

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

February 22, 2024

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

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

Business News·Markets·News

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

February 17, 2024

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

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Business News·News

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

February 6, 2024

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

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

Business News·Finance & Economy

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

February 1, 2024

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.

Business News·Currency

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

January 31, 2024

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

Two EFCC Officers Appear Before Disciplinary Committee Over Assault Of Woman In Lagos Hotel

News

EFCC Summons Dangote Group Officials Over Forex Transactions Probe

January 6, 2024

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

FG, States, LGAs Shares N1.411trn Revenue In October, FAAC Reveals

Business News·Finance & Economy·News

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

December 24, 2023

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

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business News·Finance & Economy·News

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

November 28, 2023

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

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business News·Currency·News

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

November 20, 2023

In a financial upturn that defied the odds, thirteen Nigerian states have raked in a sum of N71.59 billion in foreign exchange revaluation profits within just three months. This revelation surfaced from the latest

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business News·Currency·Insights

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

CBN forex

Nigeria’s FX Allocation To Foreign Education Drops By 83% Amid Enrolment Decline

Import: CBN Stops Price Verification System For Form M

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

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

Featured Stories

Lithium: Will Nigeria Repeat the Oil Curse?

UN Launches Critical Minerals Scheme – Picks Nigeria Among First Six to Turn Lithium, Cobalt Wealth into Jobs

PISA 2025: East Asia Tops Global Math Rankings as OECD Scores Fall — What It Means for Africa’s Future Workforce

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Whatsapp Channel

Latest News

Uganda Defence Chief Orders Ministers to Seek Clearance Before Foreign Travel

Ruto Signals Deeper AFC Role in Kenya’s Lamu Refinery Push

Taiwan Presses for $14 Bln U.S. Arms Package After Trump-Xi Summit

Moghalu Urges USIU-Africa Graduates to Embrace Lifelong Learning Amid AI Disruption

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

Uganda Defence Chief Orders Ministers to Seek Clearance Before Foreign Travel

Suggestions

CBN forex

Featured Stories

Follow Us

Whatsapp Channel

Latest News