Expert says forex responsible for hike in petrol price
Mr Ronke Onadeko, an expert in oil and gas, says high exchange rate of Naira to the dollar is responsible for increase in price of […]
Forex
FOREX: CSOs urge CBN to ensure level playing ground for oil marketers
A consortium of Civil Society Organisations (CSOs) has asked the Central Bank of Nigeria (CBN) to ensure level playing ground for all oil marketers in […]
Forex: Speculators set to count losses
Speculators in Nigeria’s foreign exchange market are set to count huge losses as the Naira continues to surge against the dollar, following the interventions made […]
CBN resumes sale of foreign exchange to licensed BDC operators
The Central Bank of Nigeria (CBN) says it has commenced the sale of foreign exchange to the Bureau De Change (BDC) operators in the country. […]
CBN goes tough on exporters over forex non-repatriation
As part of its effort to increase foreign exchange liquidity in the country, the Central Bank of Nigeria (CBN) has directed all banks in the […]
Financial experts urge CBN to stabilise forex against rising inflation
Financial experts on Tuesday expressed concerns on the country’s rising inflation rate currently at 12.82 per cent, and called for stabilisation of the exchange rate. […]
Osinbajo, Falana, others: Magu writes Salami Panel, denies reports – Full Letter
By Danlami Nmodu Suspended acting National Chairman of EFCC, Ibrahim Magu has written to Justice Ayo Salami, Chairman of the Presidential panel probing the EFCC. […]
Forex repatriation: Emefiele assures investors
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has assured investors of the security of their investments in the country despite dwindling revenue […]
CBN resumes Dollar sales for SMEs, school fees, gets tough on speculators, others
The Central Bank of Nigeria, CBN has announced the resumption of provision of foreign exchange to banks for onward sale to customers who wish to […]
HEDA backs Reps on CBN, FIRS forex probe
The decision of the House of Representatives to probe critical financial institutions on forextransactions has received a boost from the human rights community whodescribe the […]
Forex: CBN, NFIU, others move to probe rumours, checkmate panic
The Central Bank of Nigeria,CBN said Thursday that it has commenced “a robust and coordinated investigation in collaboration with the Nigerian Financial Intelligence Unit (NFIU) […]
Forex: CBN injects $292.34m into retail Secondary Market
The Central Bank of Nigeria (CBN) has injected the sum of $292.34 million into the retail Secondary Market Intervention Sales (SMIS). CBN Director, Corporate Communications, […]
Forex: CBN injects $218.41m, CNY 18m into Retail SMIS
In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, February 7, 2020, injected the sum […]
Forex Intervention: CBN injects $323.5m, CNY 17.9m into Retail SMIS
In its last intervention for the month of November,the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an intervention of $323.5million in […]
Retail SMIS Forex Intervention: CBN injects $341.75m, CNY14.7m
The Central Bank of Nigeria (CBN), has intervened in the Retail Secondary Market Intervention Sales (SMIS), to the tune of $341.75 million in addition to […]
Forex Intervention: CBN injects $314.74m, CNY 23.5m into Retail SMIS
In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, September 20, 2019, injected the sum […]
CBN injects $210m into Forex Market
The interbank segment of the Foreign Exchange Market has received another boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded […]
Forex Intervention: CBN injects $321.11m, CNY 33.3m into retail market
The Central Bank of Nigeria (CBN) has injected 321.11million dollars into the retail Secondary Market Intervention Sales (SMIS).The CBN Director of Corporate Communications, Mr Isaac […]
Pound falls as traders brace for Brexit showdown with parliament’s return
The British pound weakened on Monday as traders braced for a clash between the government and lawmakers opposed to Prime Minister Boris Johnson’s Brexit plans […]
Presidential directive on forex for foods importation: Issues, concerns, By Mustapha Sumaila
Stakeholders have continued to react to the recent directive given by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) to restrict forex on […]
FOREX withdrawal for food import will increase smuggling, says NECA
#TrackNigeria: The Nigeria Employers’ Consultative Association (NECA) on Wednesday warned that there would be unprecedented smuggling of food products because of President Muhammadu Buhari’s directive […]
Buhari directs CBN to stop forex for food import, vows to attend retreat for ministers
President Muhammadu Buhari Tuesday in Daura, Katsina State, disclosed that he has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for […]
Forex Intervention: CBN injects $280.04m, CNY 28.3m into Retail SMIS
#TrackNigeria –The Retail Secondary Market Intervention Sales (SMIS) has received a boost of $280.04million from the Central Bank of Nigeria (CBN), which also injected the […]
Inter-Bank Forex Market: CBN intervenes with $210m
The Nigerian inter-bank foreign exchange market received another boost of $210 million from the Central Bank of Nigeria (CBN), following transactions concluded on Tuesday, August […]
Forex: CBN boosts wholesale segment, others with $210m
#TrackNigeria —In its last intervention for the month of July, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into the […]