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FOREX: CBN Allays Fears of Nigerians

In the face of rising demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria, CBN, has advised...

MSMEs worst hit by forex shortage, diesel price hike says ASBON

The National President, Association of Small Business Owners of Nigeria, Femi Egbesola, says micro, small and medium enterprises in the country are the worst...

CBN urged to expand its Intervention Schemes

The Lagos Chamber of Commerce and Industry, LCCI, has urged the Central Bank of Nigeria, CBN, to expand its targeted intervention schemes in the...

We are in support of CBN reforms-Gwadabe  

Gwadabe The Association of Bureau De Change Operators of Nigeria, ABCON, has stated its readiness to go through the Central Bank of Nigeria, CBN, reforms...

CBN, Export Drive and Foreign Exchange Bind

By Marcel Okeke The content of the press briefing of the Bankers’ Committee  held by the chief executive of the Central Bank of Nigeria on...

CBN plans to Halt FX Sales to Banks

Emefiele As part of a market intervention strategy to firm up the Naira, the Central Bank of Nigeria, CBN, is considering to stop selling dollars...

President Buhari Promises to Address Forex Supply To Manufacturers For Importation

The Federal Government will take appropriate measures to improve access to foreign exchange for importation of raw materials and machines that are not available...

Naira slides amidst CBN’s assurance of increasing forex supply

The Naira slide to N575 on Thursday despite assurances by the Central Bank of Nigeria that there is sufficient foreign exchange to meet the...

CBN orders travelers to return unused forex

Travelers who buy foreign exchange from banks for travel purposes but fail to embark on the trip two weeks after their scheduled travel date...

Bankers Plan Digital Process For Forex Sales

The Bankers’ committee has concluded plans to digitise sales of Foreign Exchange, Forex, across the country. According to a member of the Bankers’ Committee Group, Segun...

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