The Central Bank of Nigeria (CBN) has announced the reversal of a 2015 circular that prohibited access to foreign exchange (FX) for 43 specific items. Isa...
Citigroup has called for the removal of foreign exchange restrictions on 43 items imposed by the Central Bank of Nigeria (CBN) as a critical step to...
In an effort to address Nigeria’s persistent foreign exchange liquidity crisis, Nairagram, a licensed International Money Transfer Operator, has announced a partnership with the Central Bank...
Dr. Tunde Lemo, a former Deputy Governor of the Central Bank of Nigeria, cautioned against the hasty implementation of a free-floating exchange rate for the Naira....
Naira on Tuesday gained 0.79 percent (N8) over the dollar as the foreign exchange (FX) resumed after the independence holiday. The market opened with the dollar...
Deposit Money Banks (DMBs) in Nigeria have seen an 82.15 percent decline in borrowing from the Central Bank of Nigeria (CBN) under the Standing Lending Facility...
The former Acting Governor of the Central Bank of Nigeria, Adebisi Shonubi, promised to clear the foreign exchange backlogs within ‘one or two weeks.’ However, two...
The Nigerian economy is facing growing uncertainty as the Central Bank of Nigeria (CBN) has yet to fulfill its promise of clearing over $10 billion in...
The Central Bank of Nigeria (CBN) has announced the postponement of its 293rd Monetary Policy Committee (MPC) meeting, originally scheduled for September 25th and 26th, 2023....
The Nigerian naira’s exchange rate to the US dollar has remained a cause for concern as the exchange rate hovered around N1000/$1. Earlier this week, Investors...