The Central Bank of Nigeria (CBN) has resumed the sale of foreign currency to Bureau De Change (BDC) operators. However, with this resumption comes a crucial...
Nigeria’s foreign exchange inflow surged to $1.3 billion in February 2024, according to data released by the Central Bank of Nigeria (CBN). The increase represents an...
The Central Bank of Nigeria (CBN) has initiated a significant intervention by allocating $20,000 to each eligible Bureau De Change (BDC) operator across the country. This...
As the Central Bank of Nigeria (CBN) proposes new regulatory guidelines for Bureau De Change (BDC) operators, Nigerian currency traders are contemplating mergers as a potential...
Amidst mounting concerns over the depreciation of the Nigerian naira against the dollar, the Federal Government has unveiled plans to raise $10 billion to bolster liquidity...
On Friday, the Nigeria Autonomous Foreign Exchange Market (NAFEM) witnessed a substantial decline in dollar sales, plummeting to $84.1 million from the previous day’s $331.1 million,...
The Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a 56% decline in foreign exchange transaction value, according to data obtained from the FMDQ Exchange. This sharp...
Amid persistent foreign exchange (FX) scarcity and sluggish economic growth in high-income economies, Nigerians living abroad have sent home the lowest amount of remittances in nearly...
Nigeria’s foreign exchange market experienced a surge in trading activity to $844 million turnover on February 3, the highest dollar trade since June 2, 2022. This...
In a bid to strengthen the oversight of financial transactions and enhance the stability of the foreign exchange market, the Central Bank of Nigeria (CBN) has...