Tag: CBN, forex
Forex: How CBN uncovered irregularities in undelivered FX forward contracts, cancels invalid deals
The Central Bank of Nigeria CBN headquarters The Central Bank of Nigeria (CBN) has revealed extensive irregularities in several undelivered...
Naira looses N63.37 against US dollar
The Naira on Wednesday depreciated at the official market, trading at N1,625.13 to the dollar. Data from the FMDQ Exchange, a platform that...
Era of Nairas volatility over says Cardoso
Photo Caption:Yemi Cardoso,CBN Governor The Governor of Nigeria’s Central Bank (CBN), Olayemi Cardoso has expressed cautious optimism regarding the recent...
Subsidy and forex reforms: Nigeria may save N3.5trn or $5.10b in 2023 – World Bank
Nigeria could save up to N3.9 trillion or $5.10 billion this year alone after reforms to its foreign exchange market and the removal of a petrol subsidy, the...
In daylight: Robbers snatch bags of foreign currency
Suspected armed robbers on Friday afternoon operated at the Oke-Sokori axis of Abeokuta metropolis and escaped the scene with a substantial amount of foreign...
Illegal levies, fees, forex hampering supply of fuel, Says DPPMA
The Depots and Petroleum Products’ Marketers Association of Nigeria has said that unauthorised fees and levies, as well as the inability to access foreign...
Forex:Naira remains at N430.33 to a Dollar
The Naira remained constant on Monday exchanging at N430.33 to the dollar at the Investors and Exporters window. It remained unchanged from its value on Friday....
Forex scarcity:CBN releases $265m to Airlines
The Central Bank of Nigeria, on Friday, released $265m to airlines operating in the country, to settle outstanding ticket sales to check a brewing crisis...
Manufacturers want more FOREX for importation of raw materials .
The Manufacturers Association of Nigeria (MAN) has called on the CBN to allocate more FOREX to manufacturers to allow for importation of raw materials and machinery....
Nigeria’s forex inflow hits $55.5bn in seven months
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria have shown. The rise in forex inflow was...
