To ease the burden of travellers, the Central Bank of Nigeria (CBN) has directed all banks to open Foreign Exchange outlets to sell dollars and other...
In a document titled “Working Paper” shared to members of the Chartered Institute of Bankers of Nigeria (CIBN), the Central Bank of Nigeria (CBN) is seeking powers...
The Comptroller-General of Customs, Retired Col. Hameed Ali, on Friday urged the Federal Government to review the foreign exchange policy which had affected imports and revenue...
Although it appeared the Central Bank of Nigeria had stopped allocating Forex for school fees and medical bills – see the story here, the CBN has clarified...
Punch reports that the scarcity of foreign exchange is deeply affecting parents and children abroad. This February, the CBN and DMBs (Deposit Money Banks) decided to...
The Nigerian Naira is on a free fall in the parallel market, while official interbank rates remain stable. According to Vanguard, the demand for dollars to pay...
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