CBN sells $254.3m to airlines, oil companies

Players in the retail segment of the Nigerian inter-bank foreign exchange market received a $254.3m boost…

Nigeria forex reserve dips slightly in June from a month ago- CBN

Nigeria’s foreign exchange reserve stood at $30.25 billion by June 28, down 0.36 percent from a…

Nigeria’s investor and black market FX rates near convergence

The rates at which Nigeria’s naira currency was traded in the investor foreign exchange window and…

CBN spent N192bn in 5 years on currency maintenance

Assistant Director Currency Operations of the Central Bank of Nigeria (CBN) Benedict Maduagwu, has said “between…

Investors cheer Nigeria currency shift, want more

  Nigeria’s recent tentative steps to free up its naira currency, particularly via a new trading…

FX reserves fall for nine days in a row as CBN pump fresh $195m

Nigeria’s foreign exchange reserves fell for nine days in a row as the the Central Bank…

CBN to sell $100 million at forex market auction

Nigeria’s central bank plans to sell $100 million at a special foreign currency auction on Monday,…

N30trn Customs probe: Senate gives CBN 7 days to recover N536bn lost revenue

The Senate on Tuesday gave Central Bank of Nigeria (CBN) seven days to recover monies collected…

Economist wants FG to fix oil sector to curtail high demand for FOREX

An Economist,  Titus Okuroumu, has appealed to the Federal Government to urgently fix the challenges in…

BDC operators advise CBN on naira

The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised the Central Bank of…

CBN spent N1.23tr intervention fund illegally-Senate

Senate yesterday took steps to curb alleged recklessness of the Central Bank of Nigeria (CBN) on…

CBN to sell dollars to airlines, fuel importers

Nigeria’s manufacturers, airlines, fuel importers and agriculture businesses will be able to buy dollars at a…