Tag: FOREIGN EXCHANGE
Naira crude sale reduces FX risks, transaction costs – Tinubu
The Federal Government said the introduction of the sale of crude oil in Naira was a strategic move to enhance the operational efficiency of...
FG interventions have stabilised FX market, Naira, says Ayobami Oyalowo
The Executive Director of the Osun River Basin, Ayobami Oyalowo, has said that some interventions by the federal government have stabilised the Foreign Exchange...
CBN announces clearance of valid FX transactions to eliminate legacy backlog
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have been settled, to fulfil a key pledge by the...
Reversal of FX restriction on 43 items by CBN unhealthy for...
Dr. Kamoru Yusuf (MON), vice president of the Manufacturers Association of Nigeria (MAN), South-West Zone as well as chairman of the Basic Metal, Iron...
Naira strengthens, exchanges for 420/$
Following interventions made by the Central Bank of Nigeria (CBN) in the investors and exporters (I&E) window, the naira surged against the dollar on...
Naira depreciates against dollar at parallel market
The Naira on Monday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.
The Nigerian currency lost...
CBN ends forex trading week with $288m Retail SMIS
The Central Bank of Nigeria (CBN) on Friday injected the sum of $287.89 into the Retail Secondary Market Intervention Sales (SMIS) in continuation of...
Forex: CBN goes tough on banks, floods market with $545m
The Central Bank of Nigeria (CBN) on Monday threatened to sanction any deposit money bank (DMB) in breach of its earlier directive of March...
FirstBank now sole forex dealer to BDCs
The Central Bank of Nigeria (CBN) has announced FirstBank the sole authorised dealer for foreign exchange proceeds to licensed Bureau de Change (BDC) operators...
MTN shares slump as Nigeria probes alleged $13.9bn offshore transfer
MTN shares in South Africa slumped the most in almost two months after Nigerian lawmakers raised new allegations about the wireless carrier, this time...