Forex

Naira remains stable across markets

Despite a marginal rise in the price of oil, which caused Nigerian external reserves to increase slightly, the Naira was…

5 years ago

ABCON reiterates commitment to transparent, lawful FX transaction

The Association of Bureau De Change Operators of Nigeria (ABCON) on Friday restated its commitment to a transparent and lawful…

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

Naira weakens further to $/N486 at parallel market

Nigerian currency depreciated further to $/N486 at the parallel foreign exchange market on Monday as the country continues to grapple…

5 years ago

Forex inflow through CBN hits $6.97bn in three months

Foreign exchange inflow through the Central Bank of Nigeria (CBN) in the third quarter of 2020 stood at $6.97bn. The…

5 years ago

Naira maintains stability, exchanges for N474/$

The Naira exchanged to the Dollar in the parallel market at N474/$ on Thursday. The naira which recorded slight improvement…

5 years ago

Forex for petrol subsidy gulped N2.13tn in four years — NNPC

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, has said that the government spent N2.13tn…

6 years ago

Stop forex sales for food, fertilizer imports – Buhari to CBN

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to sell Foreign Exchange (FOREX) to importers of…

6 years ago

Naira gains at I&E FX by 0.06% to N385.75/$

The Naira at the Investors & Exporters (I & E) Foreign Exchange window appreciated by 0.06 percent against the dollar…

6 years ago

CBN bans third parties from getting forex via form M

The Central Bank of Nigeria (CBN) has banned banks from opening Forms M (FOR IMPORTERS) “whose payments are routed through…

6 years ago

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