CBN Grants Banks Approval to Trade Idle FX Deposits in Some Dormant Accounts
The Central Bank of Nigeria (CBN) has given the green light to the commercial, merchant, and non-interest banks operating in ...
Tag: Forex
Central Bank of Nigeria Introduces Forex Price Verification System to Streamline Imports
In a move aimed at enhancing transparency and efficiency in the foreign exchange landscape, the Central Bank of Nigeria (CBN) ...
Nigerian Naira Hits Record Lows: Naira Weakens to N788/$1 at I&E, N802/$1 at Black Market, N801/$1 at P2P
Amid a fresh scarcity of foreign exchange (forex), the Nigerian Naira plummeted to an all-time low in the Investors and ...
NECA decries Forex Scarcity on Nigerian Businesses
The Nigeria Employers' Consultative Association has said the country's industries are suffering as a result of declining input and a ...
Forex flow to Nigeria rise by $10.75bn, says CBN
Nigeria has recorded $10.75bn foreign exchange inflow in two months, figures obtained from the Central Bank of Nigeria have revealed. ...
Former Ogun State MAN Chairman Urges CBN to Provide Forex to Manufacturers
A Former Chairman, Manufacturers Association of Nigeria (MAN), Ogun chapter, Dr Wale Adegbite, has called on the Central Bank of ...
