News CBN to begin payment of forex backlog Alagbe Shenayon Jan 28, 2025 The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced the completion of forensic verification for…
News Net forex inflows rises to $4692bn – CBN Alagbe Shenayon Jan 6, 2025 According to data from the Central Bank of Nigeria (CBN), net foreign exchange (FX) inflows into the economy increased by 65.7%…
Business CBN fixes $100,000 minimum trade for banks on forex platform Alagbe Shenayon Nov 27, 2024 The Central Bank of Nigeria (CBN) has announced a minimum trade value of $100,000 for interbank foreign exchange (FX) trading via…
News Net forex inflow rises To $27.6bn – CBN Alagbe Shenayon Oct 11, 2024 Net foreign exchange inflows into Nigeria's economy surged by 67.8% to $27.6 billion in the first half of 2024, up from $16.44…
News CBN sells another $148m to authorised dealers Alagbe Shenayon Jul 27, 2024 The Central Bank of Nigeria (CBN) has sold a total of $148 million to authorized dealers in the Nigerian Foreign Exchange Market…
News CBN to sell $20,000 to each BDC operator at ₦1,450/$1 Alagbe Shenayon Jul 18, 2024 The Central Bank of Nigeria (CBN) has authorized the sale of foreign exchange (FX) to eligible Bureau de Change (BDC)…
News CBN sells $122.67m to 46 authorised dealers Alagbe Shenayon Jul 12, 2024 The Central Bank of Nigeria (CBN) has sold approximately $122.67 million to 46 authorized dealers in its effort to promote…
News Security agencies after firms involved in forex racketeering – CBN Alagbe Shenayon Mar 27, 2024 The Central Bank of Nigeria (CBN) has announced that security agencies, including the Economic and Financial Crimes Commission,…
News Forex: Court dismisses charges against 19 BDC operators Alagbe Shenayon Mar 4, 2024 Justice Lewis Allagoa of a Federal High Court in Lagos, on Monday, dismissed the charges against 19 Bureau de Change (BDC)…
News Clampdown on BDC operators will worsen Forex situation – Peter Obi Alagbe Shenayon Feb 25, 2024 The presidential candidate of the Labour Party in the 2023 polls, Peter Obi, has criticized the government agencies for their…