Business How we’ll improve forex liquidity, restore market confidence –… Oluwadamilare Emmanuel Oct 23, 2023 The President Bola Tinubu-led Federal Government says his administration is taking steps to improve foreign exchange liquidity and…
News CBN lifts Forex ban on 43 items, to intervene in FX Market Toyibat Ajose Oct 13, 2023 The Central Bank of Nigeria (CBN) has lifted the currency embargo on 43 products and promised to intervene in the foreign exchange…
News CBN halts Banks from spending Forex revaluation gains Toyibat Ajose Sep 12, 2023 The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to stop using foreign exchange revaluation gains for…
News CBN issues new guidelines for BDC Forex sales two years after ban Toyibat Ajose Aug 19, 2023 The Central Bank of Nigeria (CBN) issued a new set of operational guidelines for forex sales by Bureau de Change (BDC) operators…
Business JUST IN: NNPC secures $3bn loan to ‘support’ naira, stabilise… Oluwadamilare Emmanuel Aug 16, 2023 The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion crude repayment loan to support the naira and…
Business Naira drops further against Dollar, inches towards N1000/$1 Oluwadamilare Emmanuel Aug 11, 2023 The Naira continued its depreciation against the United States dollar on Thursday, at both the official and unofficial (black)…
Business CBN officially announces unification of all exchange rates Oluwadamilare Emmanuel Jun 15, 2023 The Central Bank of Nigeria (CBN) has announced the unification of all segments of the forex exchange (FX) market. In a…
Business Naira redesign: Nigeria may experience forex, inflationary challenges, ICAN… Oluwadamilare Emmanuel Dec 13, 2022 The Institute of Chartered Accountants
CBN warns banks against borrowing from it to fund forex, auctions Oluwadamilare Emmanuel Oct 10, 2022 The Central Bank of Nigeria (CBN) has warned commercial banks
Nigeria’s forex inflow drops 17% to $6.6bn Oluwadamilare Emmanuel Aug 25, 2022 The Central Bank of Nigeria (CBN) has said that aggregate foreign exchange inflows into the nation’s economy fell by 17.3 per cent…