The Central Bank of Nigeria (CBN) has extended the temporary access granted to Bureau de Change (BDC) operators for purchasing foreign exchange from the Nigerian Foreign...
The Central Bank of Nigeria (CBN) has reiterated its commitment to stabilising the naira as data showed improved investor confidence and a narrowing exchange rate disparity....
The impact of the unified foreign exchange policy is becoming evident with remittance inflows through International Money Transfer Operators (IMTOs) rising by 79.4% from $2.33 billion...
The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange backlog owed to various firms, following a comprehensive verification exercise conducted by forensic...
Bureau De Change (BDC) operators in Nigeria are exploring merger options as a strategy to meet the Central Bank of Nigeria’s (CBN) recapitalization requirements. This development...
The Central Bank of Nigeria (CBN) has announced an overhaul of its export proceeds repatriation policy and mandated compliance to support the nation’s foreign exchange stability....
Nigeria’s foreign exchange reserves increased by $591.78 million in the month following the government’s $2.2 billion Eurobond auction. Data from the Central Bank of Nigeria (CBN)...
The Central Bank of Nigeria (CBN) has disclosed that it injected a total of $1.25 billion into the oil sector for the importation of petroleum products...
The International Money Transfer Operator (IMTO) inflow rose by 63.7% in the nine-month ended September 2024, according to the Central Bank of Nigeria (CBN) The remittance...
Nigeria’s Federation Account increased by 7.48% to N6.86 trillion in the third quarter (Q3) of 2024, according to the latest Economic Report from the Central Bank...