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Foreign currency

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

CBN Revises Guidelines For Foreign Currency Deposits

The Central Bank of Nigeria (CBN) has released new guidelines for the deposit of foreign currency notes by Deposit Money Banks (DMBs). In a circular dated 27 June 2024 signed by CBN’s acting director, Currency Operations Department, Mohammed Olayemi, the apex bank

June 29, 2024

Naira Ends Week With Marginal Gain Against Dollar

Business

MTN, Glo, Airtel To Start Selling Foreign Currencies Amid Forex Scarcity

Telecommunications companies like MTN, Glo, and Airtel can now sell foreign currencies, as the Central Bank of Nigeria (CBN) reveals guidelines for the supervision of Payment Service Banks (PSBs). MTN, Glo and Airtel have branched into financial service market through their subsidiaries;

October 25, 2022

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Dollar To Naira Exchange Rate: Investors Hike Cost Of Dollar, As Emefiele Threatens Buyers

July 20, 2022 Dollar Update: The dollar gained against the naira on Wednesday in the official market of the Investors and Exporters (I&E) window, rising by 0.51% in value, as foreign currency supply drops. After the trading session, the Nigerian currency exchanged

July 21, 2022

Business

Access Bank To Deny Non-account Holders Access To Dollar, Others In Five Months, Set FX Allocation Limit

Access Bank has reviewed its foreign currency allocation for Maintenance/Upkeep of Nigerian students in foreign tertiary institutions, as dollar scarcity extends into the second half of the year. The bank said abroad students limited maximum allocation to $1,500 per year, stating that

July 17, 2022

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Foreign currency

CBN Revises Guidelines For Foreign Currency Deposits

MTN, Glo, Airtel To Start Selling Foreign Currencies Amid Forex Scarcity

Black Market Dollar To Naira Exchange Rate: Investors Hike Cost Of Dollar, As Emefiele Threatens Buyers

Access Bank To Deny Non-account Holders Access To Dollar, Others In Five Months, Set FX Allocation Limit

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