Nigeria foreign exchange market – Page 2 of 2

Forex Crisis: CBN Prunes Down Number Of BDCs To Almost 2009 Level

As the Central Bank of Nigeria (CBN) continues with its reforms of the foreign exchange market, it has reduced the number of Bureau De Change (BDC) operators to almost what it was

Victor Ezeja

March 2, 2024

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

Business·Currency·News

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

CBN has released a document containing revised regulatory and supervisory guidelines for Bureau De Change (BDC) Operations in Nigeria.

Victor Ezeja

February 24, 2024

Business

Nigeria’s Exchange Rate Will Soon Stabilise, Bagudu Assures Investors

Minister of Budget and Economic Planning, Atiku Bugudu, has assured investors that the exchange rate will soon stabilise following the president and Central Bank of Nigeria's economic reforms.

Emmanuel Ochayi

January 15, 2024

Business·News

Nigerian Govt Expects Injection Of $10bn Within Weeks To Ease FX Crisis

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed that the country is expecting an inflow of $10bn in Foreign Exchange in the coming weeks. He stated

Abigail Erhiagboje

October 24, 2023

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

Official Forex Market Sees $53.02m Surge As Nigeria Lifts Ban On 43 Items

Forex Market witnessed a surge in turnover, totaling $53.02 million, following the Central Bank of Nigeria's decision to lift the ban on 43 items.

Emmanuel Ochayi

October 15, 2023

Naira Ends Week With Marginal Gain Against Dollar

Finance & Economy

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

The persisting foreign exchange crisis in Nigeria which has seen the naira fall to a record low, especially in recent time, will continue unless the country comes up with an effective strategy

Victor Ezeja

August 24, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

The Dollar was sold at N462.73 kobo on the official foreign exchange market and N745/$1 in the black market on Thursday, 11 May. Traders saw the Naira they exchanged for the Dollar

Fakoyejo Olalekan

May 12, 2023

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Nigeria foreign exchange market - Page 2

Forex Crisis: CBN Prunes Down Number Of BDCs To Almost 2009 Level

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

Nigeria’s Exchange Rate Will Soon Stabilise, Bagudu Assures Investors

Nigerian Govt Expects Injection Of $10bn Within Weeks To Ease FX Crisis

Official Forex Market Sees $53.02m Surge As Nigeria Lifts Ban On 43 Items

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

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