CBN Injects $20,000 Into Forex Market To Boost Liquidity
The Central Bank of Nigeria (CBN) has released $20,000 to each Bureau De Change (BDC) operator to provide more liquidity in the foreign exchange market. According to the CBN's…
CBN Warns Nigerians Over Surge in Fraudulent Foreign Currency Transfer Claims
The Central Bank of Nigeria (CBN) has issued a stern warning to Nigerians about a rising trend of fraudulent foreign currency transfer claims, urging the public to be cautious of…
CBN Clears Outstanding $7bn FX Backlog
CBN has cleared the outstanding $7 billion foreign exchange backlog. Olayemi Cardoso announced that the clearance followed a successful verification exercise by forensic auditors. The move is expected to ease…