Tag: FX
Naira Holds Steady at 1,160/$ in Parallel Market
Naira stabilizes at N1,160 against the US dollar in the parallel market, providing slight relief compared to recent fluctuations The ...
Cardoso Reveals CBN’s Monetary Policy Focus in Highly Anticipated Address
Governor of the Central Bank of Nigeria, Olayemi Cardoso, is set to unveil the CBN's monetary policy and economic outlook ...
Reps Initiate Inquiry into Zenith Bank’s Alleged Freezing of Customers’ FX Naira Accounts
The House of Representatives investigates Zenith Bank over unauthorized freezing of customer accounts related to USD transfers, citing concerns The ...
CBN lifts Forex restrictions on importation of 43 items
Pledges to continue to promote orderliness and professional conduct by all participants in the Nigerian Foreign Exchange Market CBN is ...
Naira appreciates, exchanges for 793.70/$
Invisible transactions would continue to be accessed through the banks at the prevailing market rate CBN had directed Banks to ...
Naira loses marginally, exchanges at 436.50 to dollar
The Naira on Wednesday maintained its negative performance against the dollar at the Investors and Exporters window, exchanging at N436.50 ...
CBN to stop dollar sales to banks – Godwin Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that it will stop the sale of foreign ...
Adopt official FX rate for intra-African transactions, CBN tells banks
Commercial banks have been directed by the Central Bank of Nigeria (CBN) to adopt the exchange rate in the importer ...
UBA publishes names, account numbers of ‘forex policy defaulters’
The United Bank of Africa (UBA) has released names and account numbers of some customers alleged to have violated the ...
CBN: We can not sell FX to people who buy arms to hurt us
The Central Bank of Nigeria (CBN) has disclosed that the ban on sales of foreign exchange (forex) to Bureaux De ...
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