The Central Bank of Nigeria (CBN) has lifted the restriction on 41 items listed as ineligible for foreign exchange. CBN, in 2015, shortly after President Muhammadu Buhari...
The Central Bank of Nigeria (CBN), on Tuesday slashed the rate at which it sells forex to Bureaux De Change (BDCs) in Nigeria to N360 and...
The Central Bank of Nigeria (CBN) has said that the Naira will no longer trade for N375 per Dollar for invisibles (school fees, medical bills, and...
The Naira has been gaining steadily against the Dollar as well as other foreign currencies in the parallel market since Tuesday. As at Tuesday the dollar...
The Naira on Friday remained stable at the parallel market, exchanging at N485 to a dollar. The Pound Sterling and the Euro closed at N602 and...
The Central Bank of Nigeria (CBN) on Tuesday endorsed the crackdown on parallel market traders by the officials of the Department of State Services (DSS) across...
The Department of State Service (DSS) in Anambra on Friday raided some markets in Awka and Onitsha in search of illegal foreign currency hawkers. A trade...
Senator representing Bayelsa East Senatorial District, Ben Murray-Bruce, on Monday, said that airlines are no longer servicing their aircraft due to lack of access to FOREX....
Officers of the Department of State Services (DSS) have raided two major Bureau de Change markets in Lagos and Abuja in a fresh attempt to end...
The prevalent unfavourable forex regime has continued to reduced the volume of vehicles imported through the Nigerian ports, the Operations Manager, Ports and Terminal Multiservices Ltd....
Nigeria’s Naira hit its weakest level on the black market in more than a week at 460 to the dollar on Wednesday, as a Central Bank...
The Central Bank of Nigeria (CBN) has approved a Special Secondary Market Intervention Retail Sales (SMIS) for airlines operating in the country to enable them to...
Hello Bellanaijarians, I have been away for a while but I am back now. How are you all coping with the recession? The high price of...
Banks on Wednesday clarified their positions on the suspension from the foreign exchange market transaction by the Central Bank of Nigeria (CBN) over alleged non-remittance of...
The Central Bank of Nigeria (CBN) on Tuesday directed Bureau De Change (BDCs) operators not to sell foreign exchange above two per cent margin of the...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has adopted a flexible exchange rate policy for the country. The CBN Governor, Godwin...
Oil marketers on Friday in Abuja called on the Federal Government to assist them in making foreign exchange available for the importation of petroleum products. The...
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...
I must stress that, although this article addresses one’s right to consummate a business transaction in a currency other than the Naira, I am an avid...
President Muhammadu Buhari recently sat with Martine Dennis of Al Jazeera in Qatar for an in-depth interview. The journalist was up-to-date on the Nigerian economy and politics,...
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