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Forex supply up by 1,302% in official market amid CBN’s plan to intervene

    Forex supply up by 1,302% in official market amid CBN’s plan to intervene

The value of foreign exchange (Forex) transacted in the investors’ and exporters’ (I&E) window of the official market increased by 1,302.8 percent on Thursday. In monetary terms, this represents an

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Atedo Peterside backs CBN on removal of FX restriction on 43 items

    Atedo Peterside backs CBN on removal of FX restriction on 43 items

Atedo Peterside, the founder of Stanbic IBTC Bank Plc and Anap Foundation, says the Central Bank of Nigeria (CBN) made the right move to lift the ban on the 43

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FULL LIST: Rice, cement, toothpicks… CBN lifts FX ban on 43 items

    FULL LIST: Rice, cement, toothpicks… CBN lifts FX ban on 43 items

The Central Bank of Nigeria (CBN), on Thursday, announced the lifting of the ban on 43 items previously restricted from accessing foreign exchange (forex) from the investor’s and exporters’ (I&E)

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Cardoso: CBN to stop direct development finance interventions | We’ll focus on core mandates

    Cardoso: CBN to stop direct development finance interventions | We’ll focus on core mandates

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the financial regulator will pull back from direct development finance interventions. Cardoso, in a statement on Thursday, said the

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Reps to investigate ‘use of dollar’ as legal tender in Nigeria

  Reps to investigate ‘use of dollar’ as legal tender in Nigeria

The house of representatives has asked the Central Bank of Nigeria (CBN) to address recurring depreciation of the naira against

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‘Suppliers may not accept letters of credit’ — PwC says FX backlog to affect Nigeria’s import

  ‘Suppliers may not accept letters of credit’ — PwC says FX backlog to affect Nigeria’s import

The inability of the Central Bank of Nigeria (CBN) to meet foreign exchange (FX) obligations may result in a decline

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AON seeks dedicated FX support line, licence to import, distribute aviation fuel

  AON seeks dedicated FX support line, licence to import, distribute aviation fuel

Domestic aviation firms under the aegis of the Airline Operators of Nigeria (AON) say the federal government should allow them

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CBN: Foreign reserves dropped to $33.23bn in Q3 2023 — lowest in 2 years

  CBN: Foreign reserves dropped to $33.23bn in Q3 2023 — lowest in 2 years

Nigeria’s foreign exchange reserves dropped to $33.23 billion at the end of the third quarter (Q3) of 2023, according to

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‘FG will allow Nigerians trade freely’ — stakeholders hopeful about removal of crypto restrictions

  ‘FG will allow Nigerians trade freely’ — stakeholders hopeful about removal of crypto restrictions

Stakeholders in the blockchain industry have expressed optimism that President Bola Tinubu will lift the restriction placed on cryptocurrency trading

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Justice ministry: FG didn’t sign plea bargain agreement with Emefiele

  Justice ministry: FG didn’t sign plea bargain agreement with Emefiele

 The ministry of justice says the federal government and Godwin Emefiele, erstwhile governor of the Central Bank of Nigeria (CBN),

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