Forex
FG Plans to Raise $10bn To Increase Forex Liquidity, Stabilise Naira
Amidst the ongoing depreciation of Naira, the Federal Government has set its sights on raising $10 billion to bolster foreign exchange liquidity and...
Tapre Timine
No Going Back On FOREX, Subsidy Reforms – Finance Minister
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that there is no going back on President Bola Tinubu’s...
Olaitan Sodiq
CBN Resumes Forex Sales to BDC Operators After 4-Month Suspension
The Central Bank of Nigeria (CBN) has resumed sales of foreign exchange to Bureau De Change (BDC) operators, ending a four-month suspension....
Olaitan Sodiq
Airtel Loses $151m To Nigeria’s FX Rates harmonization
Airtel Africa Plc has reported a significant loss of $151m due to the harmonisation of Foreign Exchange (FX) rates in Nigeria. The loss...
Tapre Timine
Items Banned by CBN From Accessing Forex
The Central Bank of Nigeria (CBN) plays a vital role in regulating the country’s financial system and ensuring stability in the Nigerian economy....
Daily Report Nigeria
CBN to Prosecute Forex Defaulters
The Central Bank of Nigeria (CBN) has announced its intention to prosecute forex defaulters in the country. CBN’s move aims to address the...
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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...
Olaitan Sodiq
CBN Investigates Fresh $2.4bn Forex Scam
The Central Bank of Nigeria (CBN) is investigating foreign exchange transactions worth approximately $2.4 billion. The CBN’s governor, Yemi Cardoso announced that the...
Tapre Timine
Forex: CBN Increases Daily Withdrawal Limit For Domiciliary Accounts
The Central Bank of Nigeria (CBN) has increased the daily withdrawal limit for domiciliary accounts to ten thousand dollars ($10,000). The development was...
Tapre Timine
