CBN fixes $100,000 minimum trade for banks on forex platform
The Central Bank of Nigeria (CBN) has announced a minimum trade value of $100,000 for interbank foreign exchange (FX) trading via…
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Net forex inflow rises To $27.6bn – CBN
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…
CBN sells another $148m to authorised dealers
The Central Bank of Nigeria (CBN) has sold a total of $148 million to authorized dealers in the Nigerian Foreign Exchange Market…
CBN to sell $20,000 to each BDC operator at ₦1,450/$1
The Central Bank of Nigeria (CBN) has authorized the sale of foreign exchange (FX) to eligible Bureau de Change (BDC)…
CBN sells $122.67m to 46 authorised dealers
The Central Bank of Nigeria (CBN) has sold approximately $122.67 million to 46 authorized dealers in its effort to promote…
Security agencies after firms involved in forex racketeering – CBN
The Central Bank of Nigeria (CBN) has announced that security agencies, including the Economic and Financial Crimes Commission,…
Forex: Court dismisses charges against 19 BDC operators
Justice Lewis Allagoa of a Federal High Court in Lagos, on Monday, dismissed the charges against 19 Bureau de Change (BDC)…
Clampdown on BDC operators will worsen Forex situation – Peter Obi
The presidential candidate of the Labour Party in the 2023 polls, Peter Obi, has criticized the government agencies for their…
Financial analysts debunk Bode George’s claims against Elumelu, Wigwe
Respected financial analysts have debunked claims that foremost banker-cum-entrepreneur, Chief Tony Elumelu, and his…
We need to moderate demands for Forex- Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged Nigerians to reduce their demand for forex.