0Finance

June 14, 2023

  By Business A.M. The Central Bank of Nigeria (CBN) has directed commercial banks to trade Foreign Exchange (FX) freely on the
0Commodities

April 16, 2021

Onome Amuge The Central Bank of Nigeria, (CBN) is set to impose forex restrictions on the importation of sugar and wheat into the
0Finance

September 3, 2020

After many weeks of absence from the foreign exchange market during which huge unmet forex demands piled up, the Central Bank of
0Frontpage

Aderemi OjekunleAugust 18, 2020

BY: Moses olajuwon Obajemu Banks and other firms in the country have been groaning over their inability to raise enough forex to meet
0Frontpage

Aderemi OjekunleAugust 17, 2020

BY: Moses olajuwon Obajemu The country’s foreign reserves continued its descent last week as it declined by $544.94m from $36.17bn on
0Finance

July 29, 2020

Foreign exchange scarcity has triggered further fall of the naira in the parallel market where it now exchanges at N472 to a dollar on
0Frontpage

July 27, 2020

By Moses Obajemu The CBN’s foreign reserves sustained its descent as forex outflows continue to outpace inflows, thus dipping by
0Frontpage

July 17, 2020

Nigeria’s foreign reserves dipped by $454.05m from $36.57bn on June 1 to $36.12bn on July 15, according to data from the from
0Banking

Businessam StaffJuly 8, 2020

By Omobayo Azeez Indications are rife that by the end of this year, Naira, Nigeria’s local currency will be further devalued to
0Frontpage

July 7, 2020

As the Central Bank of Nigeria rejigs the forex market as a prelude to rate unification and further devaluation of the naira, currency