Foreign Exchange

EFCC arrests 34 for forex fraud in Abuja

The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 34 suspected currency speculators for alleged foreign exchange…

1 month ago

NACCIMA kicks over CBN’s ban lift on FX access for importation

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has condemned the lifting of the foreign exchange…

2 months ago

CBN records $2.3bn increase in forex inflow

The Central Bank of Nigeria (CBN) says it reported a significant increase in foreign exchange inflow into the economy in…

3 months ago

Naira: ONSA partners CBN to stabilise forex market

The Office of the National Security Adviser (ONSA) has announced a partnership with the Central Bank of Nigeria (CBN) to…

3 months ago

Atiku: Tinubu’s FX policy put together without plans, consultations

The presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, says the foreign exchange (FX)…

3 months ago

CBN pays foreign airlines $61.64m FX backlog

The Central Bank of Nigeria (CBN) says it has disbursed approximately $61.64 million to foreign airlines through various banks, in…

5 months ago

Experts laud Afreximbank, UBA, NNPC over $3.3bn FX intervention

Efforts to boost Nigeria’s foreign exchange liquidity, especially the release of $2.25 billion FX support facility by the African Export-Import…

5 months ago

Saudi govt to invest in Nigeria’s refineries, support CBN’s FX reforms

Saudi Arabian government has pledged to invest in the revamp of Nigeria’s refineries, as well as provide financial support to…

7 months ago

Tinubu to business owners: My govt’ll improve foreign exchange liquidity

President Bola Tinubu says his government has been making crucial arrangements to improve foreign exchange liquidity, noting that his administration…

7 months ago

CBN lifts forex ban on rice, cement, toothpicks, poultry products, others

The Central Bank of Nigeria (CBN) has lifted the ban placed on all 43 items previously restricted from purchasing Foreign…

8 months ago

This website uses cookies.