In a circular issued on Tuesday, the Central Bank of Nigeria (CBN) has directed all commercial banks to publish on their websites, the names and Bank Verification Numbers of customers…
Continue readingNigerians have been kept in the dark over what the official foreign exchange rate is today, as the apex financial institution in the country, (the Central Bank of Nigeria) removed…
Continue readingThe Central Bank of Nigeria (CBN) has injected the sum of $1.47 billion into the Nigerian Foreign Exchange market in an effort to stabilize the naira and ensure liquidity in…
Continue readingThe Central Bank of Nigeria, CBN, has called on Banks to forward the names, addresses and Bank Verification Numbers (BVN) of exporters that have defaulted in repatriating their foreign exchange…
Continue readingThe Nigerian naira has fallen by 108 percent against the West African CFA (popularly known as CFA) in the past five years as the latter rallies to wipe out the…
Continue readingThe Central Bank of Nigeria Governor, Mr. Godwin Emefiele, has said that the CBN will not support the importation of items that can be produced in Nigeria with forex. As…
Continue readingThe volatility of Nigeria’s foreign exchange market seems to be heading towards the 2015 crisis era as the naira has further depreciated to N450 to a dollar in the parallel…
Continue readingThe Naira fell to its lowest level against the dollar in three years on the black market on Tuesday, traders said, a day after a historic oil price rout pushed…
Continue readingDespite the Naira devaluation by the CBN, Goldman Sachs has opined that it would take an exchange rate of N600/$1 for the naira to be stable at today’s oil prices….
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