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…
Business Financial analysts debunk Bode George’s claims against Elumelu, Wigwe Oluwadamilare Emmanuel Feb 19, 2024 Respected financial analysts have debunked claims that foremost banker-cum-entrepreneur, Chief Tony Elumelu, and his…
News We need to moderate demands for Forex- Cardoso Toyibat Ajose Feb 9, 2024 The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged Nigerians to reduce their demand for forex.
Business FX crisis plunges Nigeria’s non-oil exports to $4.5bn Toyibat Ajose Jan 19, 2024 The value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn in 2023, the Nigerian Export Promotion…