forex

CBN to Nigerians: Reduce dollar demand, we’ve no magic to stabilise forex

The Central Bank of Nigeria (CBN) says it doesn’t have a magic word to stabilise the foreign exchange, noting that…

10 months ago

FG vows: We’ll stabilise forex, create jobs for Nigerians

Following recurrent free fall of naira in the foreign exchange (forex) market, the Federal Government has assured Nigerians that it…

10 months ago

CBN pays airlines $64.44m to clear verified forex claims

The Central Bank of Nigeria (CBN) has concluded the payment of all verified claims by airlines with $64.44 million. The…

10 months ago

CBN injects fresh $500m to clear forex liabilities

In its determination to address the backlog of verified foreign exchange liabilities, the Central Bank of Nigeria (CBN) has injected…

10 months ago

CBN vows to prosecute forex defaulters, settles $2bn liabilities

The Central Bank of Nigeria (CBN) has vowed to enforce appropriate sanctions on forex defaulters. The apex bank declared that…

10 months ago

Forex probe: We’ll honour EFCC invitation, says Dangote

The Dangote Group has expressed readiness to assist the Economic and Financial Crimes Commission (EFCC) in its investigations, following the…

11 months ago

EFCC summons Dangote officials over forex transactions

The Economic and Financial Crimes Commission (EFCC) has summoned some officials of the Dangote Group to Abuja over foreign exchange…

11 months ago

EFCC raids Dangote office over forex transactions

The operatives of the Economic and Financial Crimes Commission (EFCC) are currently raiding the head office of the Dangote Group…

11 months ago

Forex: Dangote repatriates $687m from pan-African operations

The management of Dangote Industries Limited has revealed that the company has so far repatriated over USD576,008,672.41 through various banks…

1 year ago

FG plans new forex rules, projects N650 ‘fair price’ before December

Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has projected that the true value of naira…

1 year ago

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