Forex: CBN unveils New Terms for BDC Operations Across Nigeria
...BDC must submit periodic financial report As part of efforts to improve the operations of the Bureau De Change (BDC) ...
Tag: Foreign exchange
Forex scarcity: TETFUND may suspend Foreign Scholarships
The Tertiary Education Trust Fund (TETFund) has said it may have to suspend the foreign aspect of its scholarship program ...
NNPCL secures $3bn Loan from Afreximbank to stabilise Naira
The Nigerian National Petroleum Company Limited (NNPCL) has secured a $3 billion Emergency Crude Repayment Loan from African Export-Import Bank ...
CBN to inject more Dollars into Market, blames Speculators for High Rate of Naira
The Central Bank of Nigeria (CBN) on Monday hinted of plans to address unbridled speculations in the foreign exchange, even ...
Naira plunges to N900 Per Dollar on Tuesday
As the demand for foreign currency outstripped supply, the naira plunged to a record low of N900/$1 on the parallel ...
Fx: Laptop Sellers groan over High Cost, Low Sales
Amidst high cost of laptops across the country, many sellers of the electronic gadget are complaining of drop in sales ...
CBN permits banks to sell dollars freely, at their price
The Central Bank of Nigeria has permitted banks to sell foreign exchange at their own price. The development is coming ...
CBN records $72.4 billion foreign exchange inflow in 2022
The central bank of Nigeria, CBN, has said that the country has recorded the total foreign exchange inflow of $72.4 ...
Nigeria loses N8tn to FX arbitrage in three years
In three years Nigeria has lost at least N8 trillion to rent seekers who explore the multiple rates in the foreign exchange ...
Black market exchange rate rises to N735/$1 on 12th January 2023
The exchange rate between the naira and the US dollar at the black market appreciated on Thursday, 12th January 2023 ...
