Foreign Exchange

CBN unveils electronic forex matching system to curb speculation

The Central Bank of Nigeria (CBN) has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS) for foreign…

3 months ago

CBN offers $876m to forex market, pledges more liquidity support

The Central Bank of Nigeria (CBN) has offered $876 million to the foreign exchange (forex) market to fulfil bids submitted…

5 months ago

Forex: CBN sells $122.671m to 46 dealers

The Central Bank of Nigeria (CBN) has sold the sum of $122,671 million to 46 authorised dealers. This was disclosed…

6 months ago

CBN stops forex price verification system portal

The Central Bank of Nigeria (CBN) has announced the discontinuation of its Price Verification System (PVS) Portal, effective July 1,…

6 months ago

EFCC arrests 34 for forex fraud in Abuja

The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 34 suspected currency speculators for alleged foreign exchange…

8 months ago

NACCIMA kicks over CBN’s ban lift on FX access for importation

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has condemned the lifting of the foreign exchange…

9 months ago

CBN records $2.3bn increase in forex inflow

The Central Bank of Nigeria (CBN) says it reported a significant increase in foreign exchange inflow into the economy in…

10 months ago

Naira: ONSA partners CBN to stabilise forex market

The Office of the National Security Adviser (ONSA) has announced a partnership with the Central Bank of Nigeria (CBN) to…

10 months ago

Atiku: Tinubu’s FX policy put together without plans, consultations

The presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, says the foreign exchange (FX)…

10 months ago

CBN pays foreign airlines $61.64m FX backlog

The Central Bank of Nigeria (CBN) says it has disbursed approximately $61.64 million to foreign airlines through various banks, in…

12 months ago

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