CBN: How Nigeria’s forex inflow hit $55.5bn in seven months
Nigeria has recorded a foreign exchange inflow of $55.5bn in seven months. This is according to data obtained from the ...
Tag: foreign exchange
Forex: Osinbajo, Emefiele disagree over synergy between fiscal, monetary authorities
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disagreed with the position of vice president Yemi Osinbajo ...
I called for higher forex supply, not devaluation- Osinbajo
Vice President Yemi Osinbajo has clarified that he did not call for the devaluation of the naira, but measures that ...
Nigeria can save $700m forex if sugar plan is implemented – Dangote
Africa’s richest man and Chairman of Dangote Group, Aliko Dangote, has stated that Nigeria can save N700 million annually in ...
This ban is not enough
Central Bank of Nigeria Governor Godwin Emefiele descended heavily of Bureaux de Change (BDCs) last week with a ban on ...
Banks comply with CBN directive, set up forex desks
Commercial banks in the Federal Capital Territory (FCT) have set up teller points for foreign exchange (FX) transactions in their ...
Don’t hoard forex, manufacturers warn banks
The Manufacturers Association of Nigeria (MAN) has asked commercial banks to comply strictly with the Central Bank of Nigeria (CBN) ...
Bureau De Change operators dare CBN, vow to remain in business
The Association of Bureaux De Change Operators of Nigeria (ABCON) will continue providing foreign exchange services to the public in ...
Hours after CBN’s forex ban to BDCs, naira slides to N522/$1 at parallel market
Hours after the Central Bank of Nigeria (CBN) stopped the sale of foreign exchange to Bureaux De Change (BDCs) operators ...
SMEs, travellers to get more FOREX – CBN
Small and Medium Enterprises (SMEs) and travellers are set to get more foreign exchange (FOREX) as the Central Bank of ...