CBN Halts Forex Sales To Bureau De Change Operators, Retains Lending Rate
The Central Bank of Nigeria has announced the stoppage of sales of forex to the Bureau De Change operators in ...
Tag: FOREX
Naira Gains Across Forex Markets Amid CBN Intervention
The exchange rate between the naira and the US dollar closed at N411.5/$1 at the official Investors and Exporters window. ...
Exchange Rate Drops at Forex Markets Despite Rising Dollar Liquidity
The exchange rate between Naira and the US dollar closed, yesterday, at N411.75/$1 at the official Investors and Exporters window. ...
World Bank Blames CBN For Nigeria’s Forex Crisis, Offers Solutions
The World Bank has tied the Central Bank of Nigeria to the Foreign exchange crisis currently being experienced in the ...
CBN Raises Forex Allocations to Banks
The Central Bank of Nigeria (CBN) is set to raise the amount of foreign exchange allocated to banks to satisfy ...
CBN Pumps $1.47bn Into Forex Market
Nigeria's Central Bank pumped $1.47bn into the foreign exchange sector of the market to help stabilise the naira in January. ...
Court Detains Forex Trader For Allegedly Defrauding Clients of N19.8m in Lagos
An alleged foreign exchange trader, Nanpan Yaniyang, has been detained by the Lagos State High Court for allegedly defrauding investors ...
CBN Pumped $5.62bn Into Forex Market In 2020 Q4 To Stabilise Naira
The Central Bank of Nigeria injected $5.62bn into the foreign exchange market in the fourth quarter of 2020 as part ...
CBN Investigating 55 Firms Over Forex Breach
The Central Bank of Nigeria (CBN) has begun investigating foreign exchange transactions of 55 companies and individuals. It linked them ...
CBN Requests Bank Statements of 16 Nigerian Business Moguls
.... Majority Linked To Betting Companies, Forex Trading The Central Bank of Nigeria has instructed all concerned banks to disclose ...
