CBN Resumes Dollar Sales to Bureau de Change Operators
In a bid to address the persistent distortions in the foreign exchange market, the Central Bank of Nigeria (CBN) has ...
Tag: FOREX
CBN to Banks, Forex Dealers: Accept Old, Small US Dollar Bills or Face Sanctions
The Central Bank of Nigeria has warned Deposit Money Banks to stop rejecting old and small denominations of the United ...
Nigerian Manufacturers Lament Insecurity, Forex, High Power Cost as Major Challenges
The Manufacturers Association of Nigeria (MAN), has identified the high cost of power, foreign exchange, and insecurity as the major ...
AITE Chairman Raises Concerns Over Emirates Airlines’ Return, Warns of Potential Forex Drain
…Calls for bilateral agreement review Following the disclosure that Emirates Airlines would re-commence operations to Nigeria on October 1, Chairman ...
Forex: FG Set to Delist Naira from P2P Crypto Platforms
The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms ...
Customs FX Rate for Import Duties Soars to N1,441.53/$
The exchange rate for customs duty collection has increased to N1,441.53 to the USD in the past two days from ...
Cardoso Calls for Moderation in Demand for Forex
The Central Bank of Nigeria, (CBN), Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We ...
$2.4 Billion FX Backlog Not Valid – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that about $2.4 billion foreign exchange backlog ...
CBN Removes Exchange Rate Cap for International Money Transfer Operators
The Central Bank of Nigeria (CBN) has issued a new circular that removes the previous cap on exchange rates quoted ...
CBN Injects $500 Million into Forex Market
The Central Bank of Nigeria (CBN) on Monday said it injected an additional $500 million into the foreign exchange market. ...
