CBN Launches Domestic Card, To Cut Forex Charges
The Central Bank of Nigeria on Thursday launched the Nigerian National Domestic Card Scheme to boost the electronic payment system ...
Tag: FOREX
Nigeria to earn less forex as natural gas prices fall in January 2023 – Expert
Nigeria will likely earn less foreign exchange as global natural gas prices have fallen by over 50% this January. Oluwatobi ...
Banks reduce forex sales as scarcity bites
Banks have begun to reduce approval requests for Personal Travel Allowance and Business Travel Allowance to legitimate users. The legitimate ...
Naira dips at forex markets as foreign reserve gains
…. Rate closes N430.67/$1 on Tuesday Naira depreciated against the US dollar on Tuesday, representing the second consecutive bearish movement ...
Forex Scarcity Reduces Foreign Portfolio Investment Inflows
As the foreign exchange market continues to experience illiquidity amidst scarcity of the greenback at the official windows, foreign investors ...
Nigeria’s external reserves gain $679.12m in one month
The nation’s external reserves returned to a growth path after gaining $679.12m in June. According to reports obtained from the ...
Naira Falls at Official Market Despite Improved Forex Liquidity
The exchange rate between the naira and the US dollar closed at N420.5/$1 at the Investors and Exporters (I&E) window. ...
Forex Turnover Records Marginal Increase as Exchange Rate Appreciates Slightly
The exchange rate between the naira and the US dollar closed at N420/$1 at the Investors and Exporters (I&E) window. ...
Airfares Increased By 52% Due To Forex, Jet A1 Crisis
The average airfare paid by passengers on specified routes for a single journey has increased by 52 per cent in ...
CBN To Unveil New Forex Regime
The Central Bank of Nigeria (CBN) plans to unveil a new FX bidding regime to support Nigerian companies in need ...
