foreign exchange

Abuja banks comply with CBN forex directive and sell dollar at N412

In accordance with the new foreign exchange regulations (FX) of the Central Bank of Nigeria (CBN), commercial banks in Abuja…

5 years ago

Forex: CBN allays fears over domiciliary account deposits

The Central Bank of Nigeria (CBN) dismissed speculations that it planned to convert the foreign exchange in domiciliary accounts of…

5 years ago

CBN should provide clarity in forex policy, say analysts

The Central Bank of Nigeria (CBN) has to remove the opaqueness that has shrouded the country’s foreign exchange policy, to…

5 years ago

Nigeria must create enabling environment for export to attract forex -Ex-DG, LCCI

Nigeria must create an enabling environment that will encourage export business and attract foreign exchange (forex), the immediate past Director-General…

5 years ago

BDC operators to ban hawking of forex

Forex traders under the aegis of the Association of Bureaux De Change Operators of Nigeria (ABCON) have said they will…

5 years ago

Nigeria, UK business teams meet in Abuja

The Federal Government has given assurances to United Kingdom companies operating in Nigeria of its support in ensuring that they…

5 years ago

Nigeria to reduce wheat importation with cassava policy

The Nigerian Government says the policy of 10 per cent of cassava flour in bread and other confectionery would reduce…

5 years ago

Naira appreciates marginally at black market, exchanges $/N485

Naira gained marginally against the Dollar at the parallel market on Thursday as the country continues to grapple with the…

5 years ago

Nigeria spends $6.1bn on wheat importation yearly – WFAN

The Wheat Producers Association of Nigeria (WFAN) says about $ 6.1 billion is spent each year to import wheat into…

5 years ago

CBN urges Nigerians to report banks hoarding forex, retains rates

As part of measures to address the illiquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has…

5 years ago

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