Buhari cancels Forex for food, fertiliser importation
The Central Bank of Nigeria (CBN) has been directed not to make foreign exchange (forex) available to importers of food items and…
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Forex
Why BDC Operators Can’t Get Forex For Now – CBN
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/$
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
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
Nigeria has rejected the advice to reverse its policy on restriction of foreign exchange on 43 items that can be produced…
Forex: CBN adds fertilizer to 41 banned items, vows to sanction violators
The Central Bank of Nigeria (CBN) has announced plans to sanction some corporate and entities said to be engaging in the dumping…
How forex ban on rice, other items lifted Nigeria out of recession –…
The Central Bank of Nigeria on Wednesday said that its decision to restrict foreign exchange for importation of 41 items and other…
CBN releases fresh $210m into forex market
The Central Bank of Nigeria (CBN) on Tuesday released the sum of $210 million to the foreign exchange (forex) market.
This was…
Forex: CBN injects $210m into market, warns banks against hoarding
…Urges customers to report erring banks
The Central Bank of Nigeria (CBN) has made available 210 million dollars to meet…
CBN vows to sanction non-compliant exporters of Forex
The Bankers’ Committee on Tuesday announced the commencement of sanctions against exporters who fail to repatriate foreign…