Forex

Dangote Refinery: How Forex Shortage Is Delaying Crude Supplies

The $20 billion refinery project in Nigeria, the brainchild of Africa's richest man, Aliko Dangote, is having payment problems, which… Read More

1 week ago

Tighten Access To Forex For Non-Oil Exporters- ABCON Tells CBN

The Association of Bureau De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to… Read More

3 weeks ago

Forex Policies Hindering Intra-African Trade, Says Transborder Traders Association

Nasiru Salami, the president of the Transborder Traders Association, voiced concerns about the impact of Nigeria's forex policies on cross-border… Read More

3 weeks ago

EFCC, CBN Investigation Of Forex Frauds Validate Suspicion Of Banks’ Complicity

Things are unravelling in the foreign exchange segment of the financial industry.  Indeed, foreign exchange deals that were consummated in… Read More

1 month ago

CBN Clears $7bn Forex Backlog, Boosting Economic Confidence

The Central Bank of Nigeria has announced the successful clearance of all valid foreign exchange (Forex) backlogs, marking a significant… Read More

1 month ago

Binance Adopts Price Caps As Presidential Aide Advocate Ban On Forex

In response to mounting concerns from Nigerian authorities, Binance, a prominent peer-to-peer cryptocurrency exchange, has taken measures to control the… Read More

2 months ago

Nigerian Govt To Raise $10bn To Boost Foreign Exchange Liquidity As Naira Falls To N1,850/$1

In a bid to address the escalating challenges in the foreign exchange market, the Nigerian Federal Government has announced plans… Read More

2 months ago

NSA, EFCC To Collaborate With CBN To Curb Forex Crisis Amidst Economic Hardship

In a move aimed at tackling the rampant forex speculation plaguing Nigeria's economy, the National Security Adviser’s Office (NSAO), under… Read More

2 months ago

Naira Drops To N1,730/$1 In Parallel Market As EFCC Raids BDC Operators In Abuja

The Nigerian naira hit a new low against the US dollar on Monday, sparking concern among citizens as the currency… Read More

2 months ago

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

In a revelation today, the Governor of the Central Bank of Nigeria (CBN), Mr. Cardoso, unveiled the tangible results of… Read More

3 months ago

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