FOREIGN EXCHANGE

Net foreign exchange inflow into Nigeria surges by 245.9 per cent in one year

DATA from the Central Bank of Nigeria (CBN)’s economic report revealed that net foreign exchange (FX) inflows through the economy…

3 months ago

Foreign exchange turnover falls to three-week low

The Nigerian official market for foreign exchange (FX) is currently experiencing high volatility, with turnover falling by 75.98% to a…

11 months ago

SMEs, local content, panacea to inflation, foreign exchange pressure — Experts

Some mechanical engineers have reiterated the significant roles that Small and Medium Enterprises (SMEs) and local content could play in…

1 year ago

Taste for foreign goods responsible for exchange instability — ICAN

Institute of Chartered Accountants of Nigeria (ICAN) has blamed the fluctuating state of the nation's currency on the taste of…

1 year ago

CBN resumes sale of forex to BDCs at N1,301/$

The Central Bank of Nigeria (CBN) has announced a significant decision to resume the sale of foreign exchange to eligible…

1 year ago

CBN orders banks with excess Forex to sell by today

In an effort to stem the tide of instability in the Nigerian exchange rate market, the Central Bank of Nigeria…

1 year ago

New policy on foreign exchange market old news, CBN reacts

The Central Bank of Nigeria (CBN) has cleared the air on reports claiming that it has initiated new policy actions…

2 years ago

CBN, Bankers’ Committee hold non-oil exports summit

The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee, will hold the maiden summit on Non-Oil Exports…

3 years ago

CBN sensitises Nigerians on currency swap

CENTRAL Bank of Nigeria (CBN) will today sensitise stakeholders in Abuja and the adjoining states on its bilateral currency swap…

7 years ago

CBN injects $210m into foreign exchange market

THE Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars into the Inter-bank Foreign Exchange Market to sustain…

7 years ago

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