The Nigerian naira strengthened slightly at the parallel market, despite fall in the country’s foreign reserves. On Friday, the naira appreciated by one point against the dollar, moving from 391
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The Central Bank of Nigeria (CBN) has confirmed excess availability of foreign exchange at the interbank market, as banks fail to fully subscribe to the $150 million offered by the
The Central bank of Nigeria (CBN) has clarified its new policy action, which lifted a ban on items not eligible for forex, stating that it 41 items ineligible for forex
The Central Bank of Nigeria (CBN) says small-scale importers of items not valid for foreign exchange via the official window, now qualify for forex. “Importers of items classified as not
The Central Bank of Nigeria (CBN) says farmers who accessed under its anchor borrowers’ programme (ABP) have commenced repayment of
Deposit money banks (DMBs) say they will deduct stamp duty for transactions carried out in December 2016 and January 2017
Nigeria has displayed some resilience against the ongoing recessionary headwinds in 2017, with domestic data currently suggesting early signs of
After Donald Trump became the president of the world’s most powerful nation in January 2017, he gave executive orders to
Vice-President Yemi Osinbajo says the federal government is nudging the Central Bank of Nigeria (CBN) to replace some of the
Following Tuesday’s assurances by Godwin Emefiele, the CBN says it will continue to intervene in the foreign exchange market, as
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