The cumulative transactions on the Investors and Exporters’ (I&E) foreign exchange window of the Central Bank of Nigeria’s (CBN) have risen to $48 billion since the...
Data from the Central Bank of Nigeria (CBN) has revealed the nation’s foreign reserves rose by $6.418m from $$43.041bn on December 17, 2018 to $43.047bn as...
It is not going to be a journey as usual for banks, companies and individual operators behind activities aimed at undermining the extant policy on the...
The nation’s foreign exchange reserves have dropped below $46 billion, available data from the Central Bank of Nigeria (CBN) showed on Wednesday. The reserves, which stood...
President Muhammadu Buhari on Tuesday said the rice seedling factory in Calabar would reduce rice importation along Nigeria’s borders, thereby saving the nation’s foreign exchange. Buhari,...
In furtherance of its objective to ensure that banks meet the foreign exchange (FX) demand of eligible travellers, the Central Bank of Nigeria (CBN) will from...
The cost of petrol in the pricing template that is currently being reviewed will be determined by the rate of foreign exchange, oil marketers have said....
Transnational Corporation of Nigeria (Transcorp) Plc recorded a pre-tax loss of N5.93 billion in 2016 as the conglomerate struggled with ballooned finance costs and foreign exchange...
With virtually all its policies aimed at strengthening the naira not yielding positive results, the Central Bank of Nigeria (CBN) has perfected plans to seek help...
In its bid to ensure that dollar currency is made available to vital sectors of the economy, the Central Bank of Nigeria (CBN) has concluded plans...
The Nigerian National Petroleum Corporation, NNPC, on Tuesday said there is no plan to increase the pump price of petrol. According to the NNPC, the current...
Until government finds a lasting solution to abuse in the foreign exchange market, the more than 35 per cent widening gap between the interbank market (official...
The Central Bank of Nigeria, CBN, has lifted the ban placed on banks suspended from dealing in foreign exchange. The lift of the ban was announced...
The Nigerian economy seems still in the low as its Central Bank Economic Report for the Second Quarter 2016 indicates a budget deficit of well over...
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, Saturday, defended the decision of the apex bank to increase interest rate, adding that...
There are fears that the price of petroleum products may again shoot up, as marketers have raised an alarm that the present situation as it concerns...
Players in the Nigerian economy have continued to count their losses occasioned by the recent introduction of a the new foreign exchange policy by the Central...
The Nigerian Economists Society, NES, has faulted the flexible exchange rate policy introduced by the Central Bank of Nigeria, CBN, saying such policy cannot work in...
The Naira strengthened against the dollar to close at 281.50 to the dollar on Wednesday, its first daily gain since the Central Bank of Nigeria (CBN)...
The end may not yet be in sight in the crisis rocking the downstream subsector of the oil industry, as oil marketers, on Friday in Abuja,...
Electricity Distribution Companies (Discos) in the country have attributed their poor performances, and inability to meet their obligations to their failure to access foreign exchange. Executive...
Vice President, Yemi Osinbajo has attempted to explain government’s position, and what led to government’s decision to increase the pump price of petrol. The vice president...
Let me state it very clear that I am not exactly the number one fan of this present regime, but daily I remain gracious with its...
Members of the Bankers’ Committee rose from their 326th meeting held on Thursday in Lagos to declare that the foreign exchange (forex) crisis facing the country...
Leaders of Food, Beverage and Tobacco Senior Staff Association, FOBTOB, have raised the alarm that the nation may loose three million jobs in the sector if...
In what may appear as a dramatic turn around in the fortune of the naira, the Nigerian currency rallied strongly against the United States dollar on...
