Tag: FX
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 restrictions the Central Bank...
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...
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) management policy of President...
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 fulfilment of its commitment...
Naira exchanges at N1,043 against dollar at FX market
The naira, on Thursday, continued to suffer depreciation against the dollar as it exchanged at N1,043.09 at the official foreign exchange market.
The naira exchanged...
Saudi govt to invest in Nigeria’s refineries, support CBN’s FX reforms
Saudi Arabian government has pledged to invest in the revamp of Nigeria’s refineries, as well as provide financial support to sustain the foreign exchange...
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...
Murray-Bruce: Why naira loses value in FX market
Former senator, Ben Murray-Bruce, has urged Nigerians to buy locally-made products to make the naira gain more value in the foreign exchange market.
Murray-Bruce said...
First Bank extends FX school fees processing to 16 weeks
First Bank has declared that international school fees and upkeep requests through Form A will now be processed within 16 weeks.
First Bank noted that...
