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Foreign Exchange - Page 3

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged banks to source for foreign exchange (forex) through non-oil exports. Emefiele said Nigerian banks, which consist of GTBank, Zenith Bank, Access Bank, Stanbic IBTC, Wema Bank, among others, should

December 12, 2022

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

Business·Currency·Insights

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

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why CBN’s forex intervention matters? The CBN’s $9.4 billion intervention in

December 2, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rate Falls In Black Market After Independence Day

August 4, 2022 Dollar Rates Update: The cost of buying the United States dollar was down on Tuesday in the black market after the Independence Day holiday on Monday, but the scarcity of the American currency continues to fuel the value above

October 4, 2022

Business·Currency

Nigeria’s Foreign Reserves Drop $2.20 billion, Increases Forex Problem

As at September 29, 2022, Nigeria’s foreign reserves fell to $38.318 billion, further compounding the scarcity of foreign exchange in the country’s official forex market. In the last Monetary Policy Meeting (MPR) in August, the governor of the Central Bank of Nigeria

October 3, 2022

Investors To Buy N150 billion-worth Of FBN Holdings Stake

Business·News

First Bank To Prevent Naira Card Customers From Making International Transactions, Sets New Policy

Customers of First Bank of Nigeria (FBN) will no longer have access to foreign exchange for international transactions through all Naira Card types issued by the commercial bank. First Bank sent an email to its account holders to notify them of the

September 21, 2022

Business·Currency

Dollar To Naira Exchange Rate: Dollar Falls In Black Market, Sells At N436.50 In Official Market

September 12, 2022 Dollar Rates Update: The Naira continued its depreciation run on Monday at the Investors and Exporters window, with traders selling $1 at N436.50, in contrast to the N436.33 it was sold for last week Friday. However, in the black

September 13, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar To Naira Exchange Rate: Traders Increase Cost Of Dollar, As CBN’s Intervention Fails To Boost Naira

September 9, 2022 Dollar Rates Update: High demand for dollar and lack of it has seen traders increase the price of the United States currency in the foreign exchange segment of the black market and the peer-to-peer (P2P) window. Following trading on

September 12, 2022

Governor of Nigerias Central Bank Godwin Emefiele

Business

Godwin Emefiele’s CBN Disburses $7.6 billion Amid Dollar Scarcity

Over $7.6 billion has been disbursed into the Nigerian economy by the Central Bank of Nigeria (CBN) in five months in a bid to increase availability of foreign exchange for transactions. The amount is said to have passed through authorised foreign exchange

September 12, 2022

Business·News

Delta Airlines To Stop New-York-Lagos Flights Over Trapped Dollars

Delta Air Lines has announced that it will stop operating flights from New York JFK airport to Lagos, stating that the market environment doesn’t encourage the continuation of the flights. In a statement released by the United States carrier, the company said

August 30, 2022

Business·World News

$600 million Trapped: Emirates Airlines Warns Nigerian Govt, Plans To End Flight Operations

Emirates Airlines have given Nigerian government a condition to resolve the company’s inability to access its foreign exchange or the firm will end its operation in the country. The Dubai firm’s $85 million foreign currency is trapped in Nigeria, as the Central

August 18, 2022

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Foreign Exchange - Page 3

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

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

Dollar To Naira Exchange Rate: Dollar Rate Falls In Black Market After Independence Day

Nigeria’s Foreign Reserves Drop $2.20 billion, Increases Forex Problem

First Bank To Prevent Naira Card Customers From Making International Transactions, Sets New Policy

Dollar To Naira Exchange Rate: Dollar Falls In Black Market, Sells At N436.50 In Official Market

Dollar To Naira Exchange Rate: Traders Increase Cost Of Dollar, As CBN’s Intervention Fails To Boost Naira

Godwin Emefiele’s CBN Disburses $7.6 billion Amid Dollar Scarcity

Delta Airlines To Stop New-York-Lagos Flights Over Trapped Dollars

$600 million Trapped: Emirates Airlines Warns Nigerian Govt, Plans To End Flight Operations

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Foreign Exchange - Page 3

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