Business CBN to stop sale of forex to banks by year end Oluwadamilare Emmanuel Feb 11, 2022 The Central Bank of Nigeria (CBN) has revealed that it would stop the sale of foreign exchange to banks by the end of the year.…
Business Buhari promises Nigerian manufacturers improved access to forex Oluwadamilare Emmanuel Dec 30, 2021 Manufacturers got an assurance
Business Forex: CBN should rethink demand management strategy – Osinbajo Oluwadamilare Emmanuel Oct 11, 2021 Vice President Yemi Osinbajo on Monday said Nigeria’s official exchange rate is “artificially low”. He made the remark
Aboki FX breaks silence, reacts to CBN threats Oluwadamilare Emmanuel Sep 18, 2021 Popular online foreign exchange update platform, Aboxi FX has said it will continue operating at full functionality but will stop…
Buhari cancels Forex for food, fertiliser importation Oluwadamilare Emmanuel Sep 11, 2020 The Central Bank of Nigeria (CBN) has been directed not to make foreign exchange (forex) available to importers of food items and…
Why BDC Operators Can’t Get Forex For Now – CBN Oluwadamilare Emmanuel Aug 18, 2020 The Central Bank of Nigeria (CBN) has explained why it was yet to resume the sale of Dollars to operators in the Bureaux De Change…
Drop in forex liquidity crashes Naira to N460/$ Oluwadamilare Emmanuel Jun 28, 2020 The shortage of foreign exchange (forex) to the market in Nigeria has started to take a huge toll on the local currency. At the…
Buhari wasting scarce forex on imported fuel – Atiku Oluwadamilare Emmanuel May 10, 2020 Former Vice President Atiku Abubakar said the current situation whereby the NNPC uses scarce foreign exchange to import fuel at!-->…
No going back on forex restriction policy on 43 items, Nigeria tells IMF Oluwadamilare Emmanuel Oct 21, 2019 Nigeria has rejected the advice to reverse its policy on restriction of foreign exchange on 43 items that can be produced!-->…