The exchange rate between the naira and dollar fell to the lowest level ever on NAFEM where forex is sold officially, representing a massive 20.5% depreciation...
The Association of Bureau De Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to allow BDCs to carry...
The Nigerian currency, the naira continued its free fall on Thursday as it weakened in the parallel market closing at N1,175 per dollar. It would...
In the early hours of Tuesday, the naira was trading at N1,040/$ in the P2P market and $1,050/$ in the black market. At the spot market...
The Central Bank of Nigeria (CBN) has granted its official endorsement to Parallex Bank for the collection of Nigeria Export Supervision Scheme (NESS) fees. The NESS...
The Central Bank of Nigeria (CBN) on Thursday restored the 43 items prohibited from access to foreign exchange (FX). This was disclosed in a...
The Central Bank of Nigeria (CBN) has restated its commitment to boost liquidity in the forex market by continuing to promote orderliness and professional...
The Central Bank of Nigeria (CBN) Ways and Means Advances has cost the Federal Government a whopping N912.32bn to service in the form of...
The Nigeria Deposit Insurance Corporation, NDIC, said it has disbursed about N1.084 billion to 29,573 depositors of over 179 Microfinance Banks (MfBs), and...
Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso has given an insight into what the apex bank will do to manage the economy....