The raging controversy over withdrawal of forex for food imports

There has been considerable controversy regarding the recent directive by the President, Mohammadu Buhari, to the…

Buhari stops forex allocation for food importation

President Muhammadu Buhari Tuesday in Daura, Katsina State, disclosed that he has directed the Central Bank…

Do you support the move by Central Bank to restrict forex on milk importation?

Personally, I am in support of the plan by Central Bank to stop milk importation but…

NECA to CBN: Don’t ban forex for milk importation

The Nigeria Employers’ Consultative Association (NECA), on Thursday, advised the Central Bank of Nigeria (CBN) to…

CBN tackles LCCI on forex restriction to textile importers

Central Bank of Nigeria Governor, Godwin Emefiele, on Monday said the recent measures announced by the…

CBN bans textile importers from accessing forex 

The Central Bank of Nigeria (CBN) has barred commercial banks and Bureaux De Change (BDC) operators…

CBN bars textile importers from accessing forex

The Central Bank of Nigeria (CBN) on Tuesday announced the restrictions of sale of foreign exchange…

CBN defends forex restriction on 42 items

  Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday said the bank’s…

CBN adds fertiliser to list of 41 items barred from forex access

  The Central Bank of Nigeria (CBN) on Monday barred official foreign exchange allocation to fertiliser…

CBN mandates banks to sell forex to customers over the counter

By Omotilewa Quadri Nigerians travel-ling overseas can now heave a sigh of relief following the release…

Egypt scraps forex restrictions for importers

By Jite Eriabie  Egypt’s central bank removed caps on deposits and withdrawals of foreign currency for…

CBN to sanction banks that don’t have forex sales point

The Central Bank of Nigeria on Monday threatened to sanction any Deposit Money Bank in breach…