The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said on Friday the true value of the Naira would be restored with the introduction...
The Central Bank of Nigeria (CBN), on Tuesday, issued comprehensive guidelines for the operations of the interbank foreign exchange (FX) trading system via the Electronic Foreign...
The Central Bank of Nigeria (CBN) has granted banks the approval to trade with foreign currencies deposited under the amnesty initiative for the foreign exchange (FX)...
The Nigerian government is eyeing increased oil production to boost forex inflow to stabilise the naira and boost economic growth. Minister of Finance and Coordinating Minister...
The Central Bank of Nigeria (CBN) has announced the introduction of an electronic foreign exchange matching system (EFEMS) to curb forex speculation and instil transparency in...
In a bid at deepen the foreign exchange market, boost liquidity and attain convergence in the exchange rates, the Central Bank of Nigeria (CBN) has given...
In an attempted defence of the decision of the Central Bank of Nigeria, (CBN) to defend the domestic currency, the naira, the governor of the apex...
The Association of Bureau de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to direct non-oil exporters to hold foreign currencies...
The Central Bank of Nigeria (CBN) has sold $10,000 to all eligible Bureau De Change (BDC) operators in the country at the rate of N1,251/$1. In...
BUA Cement has announced a revenue growth of 27.4% to N460n from the N361 billion recorded in the previous year. This is despite a foreign exchange...
The Central Bank of Nigeria (CBN) has assured that the remainder of banks’ FX backlogs would be cleared in the next few days. The governor of...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed that forensic audit by Deloitte Management Consultant has shown that about $2.4 billion...
The recent recovery recorded by the naira against the dollar continued on Thursday as the Nigerian currency appears to be buoyed by reports that the Central...
The Federal Government is set to introduce new rules for the foreign exchange market and also crackdown of illegal trading of currency by the end of...
The Naira appreciated against the United States Dollar across the main segments of the foreign exchange (forex) market, the Peer-2-Peer (P2P), the Investors and Exporters (I&E),...
The Nigerian currency, Naira, continued its poor performance against the United States dollar as forex scarcity piled more pressure on the official foreign exchange market Tuesday....
Nigerian Naira strengthened against the US Dollar at the Investors and Exporters (I&E) segment of the market yesterday by 33 kobo or 0.05 per cent. According...
Major manufacturing companies are now witnessing a decline in their financing cost following stable exchange rate, their resort to cheaper sources of borrowing as well as...
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...
With the commencement of the fresh policy on foreign exchange rate in Nigeria today, finance analysts and investment pundits are expecting the new move to eliminate...
