ABCON urges CBN to grant BDCs digital autonomy for rate convergence, others
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to
Read More
FOREX MARKETS
CBN to clear FX backlog in two weeks –Shonubi
The Acting Governor, Central Bank of Nigeria (CBN) has said that the bank was making plans to clear the
Read More
Nigeria’s FX reserve around $3.7bn as against CBN’s $30bn figure –JP Morgan
Global financial service firm JP Morgan has estimated Nigeria’s FX Reserve to be around $3.7 billion much lower than reported
Read More
CBN confronts currency speculators with new guidelines for BDCs
The Central Bank of Nigeria (CBN) has intensified efforts to battle currency speculators and has brought back Bureau De
Read More
CBN launches FX price verification system portal
The Central Bank of Nigeria (CBN) has launched a new portal called the Foreign Exchange (FX) Price Verification System (PVS),
Read More
CBN explains reason behind Naira crash
The Central Bank of Nigeria (CBN), has attributed the crash of the naira against the dollar and its inability
Read More
CPPE calls for urgent framework to moderate forex market volatility
The Center for the Promotion of Private Enterprise (CPPE) has advised the Central Bank of Nigeria (CBN) to develop and
Read More
Breaking New: Banks now trade forex “freely” in Nigeria
There are indications that the Central Bank of Nigeria (CBN) has given commercial banks and dealers in the forex market
Read More
Osinbajo expresses concern over Nigeria’s exchange rate regime, warns against arbitrage
Vice-president Yemi Osinbajo says Nigeria’s exchange rate regime remains a subject of worry to Nigeria’s investment climate, even as he
Read More
FG mulls special FX window for manufacturers
The Federal Government said it will begin steps towards creating a separate and special foreign exchange window for exporting
Read More