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We are investigating $2.4bn foreign exchange scam says Cardoso,CBN Governor

Caption:Olayemi Cardoso,CBN Governor   The Central Bank of Nigeria (CBN), Governor Yemi Cardoso, has disclosed that law enforcement agencies are investigating...

CBN Increases Interest Rate To 24.75%

  The Monetary Policy Committee of the Central Bank of Nigeria has Tuesday concluded its two-day meeting for March 2024. This meeting marks the second MPC meeting...

CBN sells dollars to BDCs at N1,251/$1

Caption: Dollars The Central Bank of Nigeria,CBN, disclosed on Monday that it sold $10,000 to each Bureau de Change operator at a rate of N1,251 per U.S. dollar. The...

Dollar speculators will soon be in tears, Naira will appreciate – Presidency warns FX speculators

  The Presidency has warned forex speculators that the Naira will soon appreciate. President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo...

We’ve cleared all outstanding valid FX Transactions says CBN

        The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of...

Ways And Means: Akpabio raises 17- member commitee to probe Emefiele

  The Senate President, Godswill Akpabio, has inaugurated a seventeen member commitee to prove the Ways and Means project under former Central Bank...

Forex:CBN Reports Increase in monthly overseas Remittances to $1.3bn from $300m in February

  * Foreign Investors’ Return   The Central Bank of Nigeria (CBN) reported a significant increase in foreign exchange inflow into the economy in February...

CBN wields big stick, revokes operational licenses of 4,173 BDCs

  Barely few hours after slamming a $10 billion fine on Binance operators,the country’s apex bank ,the Central Bank of Nigeria (CBN) has revoked the...

CBN Begins Direct Sales Of Dollars To BDCs

  The Central Bank of Nigeria,CBN, has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country....

Nigeria:Tinubus burden and choices

  According to a sage,”the problems of victory are much more than defeat”. It is because the defeated had a chance to go back to the drawing board and...