Business CBN lifts FX restrictions on importation of milk, dairy products Alagbe Shenayon Mar 20, 2024 The Central Bank of Nigeria (CBN) has removed the limitations on the importation of milk and dairy products. On February 11,…
Business Official FX rate passes parallel market as Naira appreciates to N1,595/$ Alagbe Shenayon Mar 1, 2024 The naira yesterday appreciated to N1,595.11 per dollar in the official Nigerian Foreign Exchange Market (NAFEM). Meanwhile,…
News CBN tells FX sellers of $10,000 and above to declare sources Alagbe Shenayon Feb 24, 2024 The Central Bank of Nigeria (CBN) has announced that individuals selling foreign exchange to Bureau De Change (BDC) operators in…
News Importers may shun our ports, Peter Obi tells FG to end Customs FX rates… Alagbe Shenayon Feb 21, 2024 The 2023 presidential candidate of the Labour Party, Peter Obi, has called on the Federal Government to put an end to the…
News Audit reveals $2.4bn of $7bn FX claims not valid — Cardoso Alagbe Shenayon Feb 5, 2024 The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, stated that the Deloitte audit uncovered that $2.4 billion,…
Business CBN introduces FX price verification system portal Oluwadamilare Emmanuel Aug 18, 2023 The Central Bank of Nigeria (CBN) has introduced a foreign exchange (FX) price verification system (PVS) portal to enable…
Signposting Confidence, Nigeria’s FX inflow Hits $30.45bnin Q4 Cecilia Oluyori Feb 9, 2018 In a mark of rising confidence in the Nigerian economy, aggregate foreign exchange (FX) inflow into the economy grew to $30.45…