Tag: forex
Naira loses against dollar, trades N1,234.49/$ at official market
The Naira on Monday, April 22, 2024 slightly depreciated at the official market, trading at N1,234.49 to the dollar.
Data from the official trading platform...
ICYM: How I collected over $3m cash for Emefiele – CBN...
A Senior Supervisor with the Central Bank of Nigeria (CBN), Monday Osazuwa, has opened up on how he collected money on behalf of former...
CBN settles FX transactions, clears $7bn backlogs
The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of $7 billion.
This was disclosed by the Bank’s Acting Director, Corporate...
Forex crisis: Sack CBN Governor, bank executives, Bwala tells Tinubu
A former spokesperson for Atiku Abubakar’s presidential campaign in the 2023 election, Daniel Bwala, has urged President Bola Tinubu to sack the Governor of...
Obi: Clampdown on bureau de change operators’ll worsen forex
The presidential candidate of the Labour Party (LP) in the 2023 election, Peter Obi, says the clampdown on Bureau de Change (BDC) operators by...
BDC: CBN orders forex sellers above $10,000 to declare sources
The Central Bank of Nigeria (CBN) has directed foreign exchange sellers to Bureau De Change (BDC) of the equivalent of $10,000 and above to...
CBN to Customs: Use official forex rate for import duty
The Central Bank of Nigeria (CBN) has urged the Nigeria Customs Service (NCS) and other related parties to adopt the closing foreign exchange for...
FG to raise $10bn for forex liquidity, Naira stability
The Federal Government has expressed determination to raise at least $10 billion to increase foreign exchange liquidity to stabilise the Naira and grow the...
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 safeguard foreign exchange market...
Poultry farmers blame rising cost of egg on forex, greed
The Poultry Association of Nigeria (PAN), Lagos State Chapter, has blamed the increase in the price of egg on the fluctuating foreign exchange rate...
