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