News Security agencies after firms involved in forex racketeering – CBN Alagbe Shenayon Mar 27, 2024 The Central Bank of Nigeria (CBN) has announced that security agencies, including the Economic and Financial Crimes Commission,…
News Forex: Court dismisses charges against 19 BDC operators Alagbe Shenayon Mar 4, 2024 Justice Lewis Allagoa of a Federal High Court in Lagos, on Monday, dismissed the charges against 19 Bureau de Change (BDC)…
News Clampdown on BDC operators will worsen Forex situation – Peter Obi Alagbe Shenayon Feb 25, 2024 The presidential candidate of the Labour Party in the 2023 polls, Peter Obi, has criticized the government agencies for their…
Business Financial analysts debunk Bode George’s claims against Elumelu, Wigwe Oluwadamilare Emmanuel Feb 19, 2024 Respected financial analysts have debunked claims that foremost banker-cum-entrepreneur, Chief Tony Elumelu, and his…
News We need to moderate demands for Forex- Cardoso Toyibat Ajose Feb 9, 2024 The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged Nigerians to reduce their demand for forex.
Business FX crisis plunges Nigeria’s non-oil exports to $4.5bn Toyibat Ajose Jan 19, 2024 The value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn in 2023, the Nigerian Export Promotion…
News Forex gain adds N1.37tn to government revenue – FAAC Alagbe Shenayon Dec 23, 2023 The convergence of the country's exchange rate led to a substantial rise in revenue from foreign exchange differentials, reaching…
Business Tinubu will sign executive order to retrieve billions of forex with… Oluwadamilare Emmanuel Dec 13, 2023 The federal government on Tuesday said it would target foreign exchange outside the banking sector to address the liquidity…
News Customs increases forex rate for tariffs, duties Oluwadamilare Emmanuel Nov 13, 2023 The Nigerian Customs Service (NCS) has adjusted the foreign exchange rate for its tariffs and duties. The new rates were…
Business CBN commences clearing FX backlogs to banks Oluwadamilare Emmanuel Nov 3, 2023 Spokesperson for the Central Bank of Nigeria (CBN) Isah Abdulmumin on Thursday confirmed that the apex bank has initiated…