Despite a marginal rise in the price of oil, which caused Nigerian external reserves to increase slightly, the Naira was stable across the various markets in...
The Association of Bureau De Change Operators of Nigeria (ABCON) on Friday restated its commitment to a transparent and lawful foreign exchange transaction. Alhaji Aminu Gwadabe,...
As part of measures to address the illiquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has encouraged Nigerians to report any commercial...
Nigerian currency depreciated further to $/N486 at the parallel foreign exchange market on Monday as the country continues to grapple with dollar scarcity. The parallel market...
Foreign exchange inflow through the Central Bank of Nigeria (CBN) in the third quarter of 2020 stood at $6.97bn. The CBN disclosed this in the third...
The Naira exchanged to the Dollar in the parallel market at N474/$ on Thursday. The naira which recorded slight improvement in recent days continued to maintain...
The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, has said that the government spent N2.13tn from 2016 to 2019 as subsidy...
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to sell Foreign Exchange (FOREX) to importers of food or fertilizers. The president spoke...
The Naira at the Investors & Exporters (I & E) Foreign Exchange window appreciated by 0.06 percent against the dollar to close at N385.75 on Thursday....
The Central Bank of Nigeria (CBN) has banned banks from opening Forms M (FOR IMPORTERS) “whose payments are routed through a buying company/agent or any other...
