Tag: forex
CBN to Nigerians: Reduce dollar demand, we’ve no magic to stabilise...
The Central Bank of Nigeria (CBN) says it doesn’t have a magic word to stabilise the foreign exchange, noting that Nigerians must reduce frequent...
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 will implement macroeconomic reforms...
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 CBN made this known via...
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 $500 million into the...
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 it is collaborating with relevant...
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 visit of the officers...
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 transactions by the company.
The...
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 in Lagos over forex...
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 in Nigeria, in addition...
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 will reflect before December.
Oyedele...
