The naira on Thursday slightly depreciated at the official market, trading at N1,402.67 to the dollar. Data from the official trading platform of the FMDQ Exchange,...
The Central Bank of Nigeria (CBN) has increased the Customs duty forex rate by 14 per cent. The former rate of N1,164.84/$ previously used for the...
The Central Bank of Nigeria has written to all banks in Nigeria to halt the use of foreign currencies as collateral for naira loans. It disclosed...
An Economist, Dr Chijioke Ekechukwu says Foreign Exchange (Forex) is not the only determinant of high prices of goods and services. Ekechukwu, who is the Managing...
The Central Bank of Nigeria has issued a circular to Bureau De Change operators (BDCs) informing them that they sold $10,000 to each BDC at a...
The Central Bank of Nigeria (CBN) says all valid foreign exchange backlogs have now been settled. This is according to a statement by CBN’s Acting Director,...
The Central Bank of Nigeria (CBN) reported a significant increase in foreign exchange inflow into the economy in February. Acting Director, Corporate Communications Department of the...
The Central Bank of Nigeria (CBN) has prohibited banks from directly operating International Money Transfer services; they are instead authorized to act solely as agents in...
The Central Bank of Nigeria (CBN), in a new circular, has directed Deposit Money Banks (DMBs) to stop utilising gains from their foreign exchange revaluation for...
The Central Bank of Nigeria (CBN) will soon come up with stringent measures to stabilise multiple exchange rate in the country. The CBN Acting Governor, Folashodun...
The Central Bank of Nigeria (CBN) has clarified that the 43 items which were restricted from accessing Foreign Exchange from the official window remain banned from...
President Muhammadu Buhari has promised to take appropriate measures to improve access to foreign exchange for importation of raw materials and machines that are not available...