The Central Bank of Nigeria (CBN) has injected an additional $500 million into the market with…
Category: Forex
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Naira Slumps Against Dollar, Trades At N956/$ As Supply Drops By 46%
The official Investor and Exporter forex window witnessed a decline in naira value on Thursday, as…
Ben Murray-Bruce Hails CBN Over Lifting Of Forex Restriction On Rice, Others
A former Bayelsa East Senator, Ben Murray-Bruce, has backed the move by the Central Bank of…
Breaking: CBN Releases Fresh Guidelines For Forex Sale By BDCs
The Central Bank of Nigeria (CBN) on Friday released fresh guidelines for the sale of forex…
CBN Threatens To Sanction Banks Involved In Illegal Sales Of Forex
The Central Bank of Nigeria (CBN) has threatened to sanction banks caught engaging in illegal forex…
Marketers Lament As Cooking Gas Patronage Drops Amid Rising Prices
Nigerians have systematically and on condition found themselves alternatives to the usage of Liquefied Natural Gas…
Massive Job Loss Looms As Forex Scarcity Bites Harder
Nigerians may lose their jobs following the lingering foreign exchange scarcity and the economic challenges facing…
CBN Sale Of Forex To Banks Decline To $1.65bn
The Central Bank of Nigeria (CBN) has said that its intervention in the foreign exchange market…
Buhari Speaks On FOREX, Promises To Address Importation And Supply issues
President Muhammadu Buhari has promised that his administration will address without hesitation issues relating to foreign…
Billions Lost As Nigeria’s Capital Market Continues Downward Trend
The crash in equity capitalization by 0.31 percent at the close of trading on Thursday has…