Why Nigeria’s crude oil should be priced in Naira – Experts
In the face of the weakening Naira, Okechukwu Unegbu, a finance expert has suggested that Nigeria’s major revenue resource, crude ...
Tag: forex
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 ...
Buhari promises more forex to manufacturers in 2022
President Muhammadu Buhari says the Federal Government will take appropriate measures to improve access to foreign exchange (forex) for the ...
CBN forex policies causes fuel inflation – World Bank
The World Bank has attributed the declining foreign investment to the country and fuel inflation to inconsistencies in the exchange ...
CBN to okay legitimate forex demand above approved cap
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that the bank will approve legitimate foreign exchange ...
CBN moves to boost forex supply to banks
Deposit Money Banks (DMB) are set to witness a boost in foreign exchange (Forex) supply as the Central Bank of ...
Forex: CBN orders banks to publish names, BVN of defaulters
The Central Bank of Nigeria has directed all banks in the country to publish the names and Bank Verification Number ...
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) ...