forex

CBN approves $20,000 allocation to eligible BDC operators at N1,580 rate

CBN approves $20,000 allocation to eligible BDC operators at N1,580 rate

The Central Bank of Nigeria (CBN) has authorized the sale of $20,000 to each Bureau De Change (BDC) operator at…

2 months ago

Naira to dollar exchange rate: CBN clears air on new policy actions on forex

The Central Bank of Nigeria has cleared the air on viral reports of new policy actions in the foreign exchange…

1 year ago

Naira crashes by 25% one year after CBN’s clampdown on Abokifx

One year after the Central Bank of Nigeria (CBN) effectively criminalized Aboki FX’s actions and accused it of “economic sabotage,”…

2 years ago

Dollar scarcity hits Nigeria

Nigerians are finding it increasingly difficult to access dollars at the Central Bank of Nigeria’s official rate for eligible transactions…

2 years ago

Naira falls to N580/$1 at black market as demand for FX surges

The exchange rate between the naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&E)…

3 years ago

Forex turnover at the official market drops marginally to $138.95 million

Tuesday, 22nd February 2022: The exchange rate between the naira and the US dollar closed at N416/$1 at the official Investors…

3 years ago

Godwin Emefiele under fire as CBN moves to stop sale of forex to banks

The Central Bank of Nigeria goenror, Godwin Emefiele is currently under fire over the move by the apex bank to…

3 years ago

BREAKING: CBN to stop selling Forex to banks by end of 2022 – Emefiele

The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex…

3 years ago

Joshua Ngene: Brisk Capital Limited founder arrested for stealing N2Billion from investors

The Special Fraud Unit of Nigerian Police Force will arraign the founder of BRISK CAPITAL LIMITED, Mr Dominic Joshua Ngene…

3 years ago