Tag: foreign exchange

The Central Bank of Nigeria (CBN) has taken decisive action to stabilize the foreign exchange market by injecting $122.67 million ...

The naira began Thursday's trading session on a weaker note against the British pound sterling, surpassing the N2,000 threshold. Concurrently, ...

In a significant revelation, the Presidency has disclosed that Nigeria’s expenditure to defend the Naira plummeted to $1.5 billion per ...

Despite the Central Bank of Nigeria's (CBN) efforts to boost foreign exchange reserves, total direct FX remittances dropped by 6.28% ...

Amidst the dollar's recent robust performance, the Nigerian naira steadfastly maintained its bullish trajectory this week, bolstered by lingering concerns ...

The Economic and Financial Crimes Commission (EFCC) faced a setback in its attempts to arraign Binance Ltd, Tigran Gambaryan, and ...

The Central Bank of Nigeria (CBN) has called for law enforcement intervention to investigate foreign exchange forwards claims amounting to ...

The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate ...

On Tuesday, the naira experienced a further appreciation in value at the parallel segment of the foreign exchange (FX) market. ...

The Central Bank of Nigeria (CBN) has once again emphasized its stance that banks operating within the country are prohibited ...