Tag: Forex market
JUST-IN: CBN Clears More Verified FX Liabilities Backlog
The CBN’s latest intervention is part of a series of measures taken by the bank in recent months to address ...
Nigeria to Automate Forex Transactions as Naira Falls to 1,220/Dollar
Nigerian government plans to automate the entire foreign exchange market to monitor transactions closely, penalize speculators, and stabilize the Naira ...
CBN explains reason for lifting forex restriction on 43 items
Some applauded the decision, while others expressed concerns about potential increased imports and its impact on local manufacturers The Central ...
Volatility in FX market to moderate soon, CBN tells Nigerians
Monetary Policy Committee (MPC) meeting Acting governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi has disclosed that the ...
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