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...
Yesterday at the Bankers’ Committee meeting in Abuja, the members – the CBN (Central Bank of Nigeria) and DMBs (deposit money banks) decided to suspend Forex –...
Did you notice all the emails from your banks last week telling you that 1- you can deposit foreign currency again in your domiciliary account and...
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