Tag: Forex

CBN plans nationwide prosecution of forex defaulters following a forensic review, revealing infractions and non-compliance with market regulations Acting Director ...

The Central Bank of Nigeria (CBN) disbursed approximately $61.64 million to foreign airlines, addressing the backlog of matured foreign exchange ...

EFCC wrote to the various companies asking for documentation on their forex transactions in the last 10 years The Economic ...

The minister disclosed that President Bola Tinubu would use executive order to redirect this money into the “banking sector.” The ...

Procter & Gamble (P&G) plans to exit on-ground operations in Nigeria, impacting 5,000 jobs, citing forex challenges and macroeconomic difficulties ...

Four banking sources said the banks were paid varying amounts totalling about $1 billion and that the payments would continue ...

CEO Adetilewa Adebajo cited illegal financing and excessive Ways and Means financing as primary contributors to Nigeria's foreign exchange issues, ...

Nigeria's federal government plans to automate and regulate foreign exchange transactions to deter speculation and enhance market integrity Two executive ...

Tinubu affirmed his commitment to upholding all valid contracts concerning the nation's foreign exchange responsibilities President Bola Tinubu has alleviated ...

The Central Bank of Nigeria (CBN) reinstates access to forex for 43 previously banned items, aiming for exchange rate stability ...