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Bureau De Change (BDC) operators across Nigeria are expressing strong reservations against the Central Bank of Nigeria’s (CBN) recent directive that mandates them to reapply for...
The Central Bank of Nigeria (CBN) has denied selling Foreign Exchange (FX) to Bureau De Change (BDC) operators at the rate of N1,001/$1. Naija News recalls...
The Association of Bureaux de Change Operators of Nigeria (ABCON) has proposed that the Central Bank of Nigeria (CBN) issue a directive requiring non-oil exporters to...
The Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, is actively investigating irregular foreign exchange transactions and forward contracts valued at approximately $2.4 billion....
The Central Bank of Nigeria (CBN) has implemented several measures aimed at arresting the free fall of the Naira against major foreign currencies, notably the US...
The Central Bank of Nigeria (CBN) has said sellers of Foreign Exchange of $10,000 and above to Bureau De Change (BDC) operators must declare the source...
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has called for the ban of Cryptocurrency and Foreign Exchange (Forex) platforms operating...
Many Nigerians have never been this hopeless as they are now with the Bola Tinubu administration. Following the removal of the fuel subsidy on May 29,...
The Central Bank of Nigeria (CBN) has issued a notice, dated February 14, 2024, informing international oil companies that they are no longer permitted to repatriate...
The House of Representatives will probe banks and financial institutions in the country for failing to comply with Central Bank of Nigeria (CBN) regulations on Net...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has refuted claims that the federal government is still owing foreign exchange amounting to $2.4...
The Central Bank of Nigeria (CBN) has injected an additional $500 million into the market with the aim of resolving the ongoing backlog of verified foreign...
The chairman of the Presidential Committee on Tax and Fiscal Policy Reform, Taiwo Oyedele, has suggested that paying taxes and levies in foreign currency was not helping the...
The official Investor and Exporter forex window witnessed a decline in naira value on Thursday, as the US Dollar supply decreased by 46.77 per cent. According...
A new report reveals reasons why the Central Bank of Nigeria might not be able to clear backlog owed to commercial banks. In the report released...
President Bola Ahmed Tinubu has declared that his administration will clear the foreign exchange contracts backlog, which is discouraging investors’ confidence in the country. Naija News...
A former Bayelsa East Senator, Ben Murray-Bruce, has backed the move by the Central Bank of Nigeria (CBN) to lift the ban on the 43 items...
Nigeria’s currency, the Naira, lost more value against the US Dollar on Wednesday after closing at N950/$1 at the parallel market, Naija News understands. The Naira...
The Central Bank of Nigeria (CBN) on Friday released fresh guidelines for the sale of forex by Bureau De Change (BDCs) operators in Nigeria. The decision...
The Central Bank of Nigeria (CBN) on Thursday introduced a foreign exchange price verification system designed for importers to have access to forex. Naija News reports...