CBN funded forex market with $11.5bn in Q1 – CBN
Amid forex supply limitations, the Central Bank of Nigeria funded the the forex market with a total of $11.5bn during the first
CBN hits banks with massive debits, deducts N122bn in rate unification drive
As part of its forex management effort during foreign exchange shortages, the Central Bank of Nigeria hit baks with extra ordinary
Moody’s warns Nigerian banks vulnerable in face of forex liquidity pressures akin to 2016-2017 crisis
$3.8bn-$5bn funding gap seen Gobal rating agency, Moody’s, has issued fresh warnings in a new report that Nigerian banks are
CBN, ABCON move to wreck currency speculators, restore normalcy to forex market
Moses Obajemu The naira is facing its greatest risk from the coronavirus pandemic, as currency speculators continue to make spurious
How to trade currencies through Forex mobile apps
Advanced mobile technologies allow us to handle everything on the go. Consumers use apps to do their shopping, pay bills, and even
Nigeria Recorded $10.89bn Forex Inflow in October – CBN
The aggregate foreign exchange (forex) inflow into the Nigerian economy amounted to $10.89 billion in October, according to data from
CBN restricts forex for importation of cassava products
Nigeria’s Central Bank has said it will no longer provide foreign exchange for the importation of cassava, starch, ethanol and
Buhari clarifies directive on forex, says no ban on food import
The presidency yesterday clarified that president Muhammadu Buhari has not banned or restricted food importation. The presidency, in a
CBN intervenes with $210m in forex market
The Nigerian inter-bank foreign exchange market received another boost with an injection of about $210 million from the Central Bank
‘Forex cut for milk importation not political’ — CBN
The Central Bank of Nigeria (CBN) says its decision to restrict forex for the importation of milk has no political undertone. In a