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TheCable

Tag "forex"

We’ll discuss with CBN over Nigeria’s exchange rate regime, says Okonjo-Iweala

    We’ll discuss with CBN over Nigeria’s exchange rate regime, says Okonjo-Iweala

Ngozi Okonjo-Iweala, director-general of the World Trade Organization (WTO), says the world trade body will discuss with the Central Bank of Nigeria (CBN) over the country’s multiple exchange rate regime

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Manufacturers lament hardship, demand policy review on forex allocation

    Manufacturers lament hardship, demand policy review on forex allocation

Manufactures in Nigeria have asked the Central Bank of Nigeria (CBN) to review policies around the allocation of foreign exchange. In February 2020, the CBN added milk and dairy products

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Emefiele: Nigeria must end dependence on crude oil

    Emefiele: Nigeria must end dependence on crude oil

Godwin Emefiele, governor of the Central Bank of Nigeria, says the country must end its dependence on crude oil for revenue and foreign exchange. Emefiele was speaking at the prize

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Fitch Ratings: Forex liquidity risk may affect credit rating of Nigerian banks

    Fitch Ratings: Forex liquidity risk may affect credit rating of Nigerian banks

Fitch Ratings, a global credit rating agency, predicts a risk in the rating of Nigerian banks due to foreign currency liquidity. Fitch, in a statement released on Tuesday, said funding,

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FX crunch: Anger, frustration as banks ration dollar among customers

  FX crunch: Anger, frustration as banks ration dollar among customers

Nigerian banks are now rationing forex withdrawals by customers, TheCable can report. The economy has suffered a double blow from

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EXCLUSIVE: Only you can deposit FX cash into your dom account

  EXCLUSIVE: Only you can deposit FX cash into your dom account

Did you travel to the UK and urgently need some FX to fund your debit card? Sorry, you now have

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Again, Buhari asks CBN to halt forex for fertiliser, food items

  Again, Buhari asks CBN to halt forex for fertiliser, food items

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to provide forex for the importation of food

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Naira strengthens against dollar ahead of CBN FX sales to BDCs

  Naira strengthens against dollar ahead of CBN FX sales to BDCs

The naira has strengthened at the parallel market to N448 against the dollar after the Central Bank of Nigeria (CBN)

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Naira to trade at 386/$ as CBN resumes FX sale to BDCs

  Naira to trade at 386/$ as CBN resumes FX sale to BDCs

The Central Bank of Nigeria (CBN) says it will resume weekly forex sales to Bureau de Change operators from August

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CBN asks banks to submit names of exporters who don’t repatriate export proceeds

  CBN asks banks to submit names of exporters who don’t repatriate export proceeds

The Central Bank of Nigeria (CBN) has directed banks to provide the submit the names, addresses and bank verification numbers

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