Forex Inflows via IMTOs Reach $1.07 Billion in Q1 2024: CBN

NEC Affirms CBN $3 Billion Loan for Naira Stability

The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflows through International Money Transfer Operators ...

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

CBN Reforms Lead to $172 Million Increase in Diaspora Remittances

by Stephen Akudike

June 26, 2024

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The Central Bank of Nigeria (CBN) has recorded a significant increase in direct remittances, with an additional $172 million reported ...

The Redenomination Rumor: Analyzing Nigeria’s Naira Stability

Remittances, Trade with Nigeria Threatened as UK Economy Slows

by Jide Omodele

February 22, 2024

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Analysts have raised concerns over Nigeria's remittances inflow and exports to the United Kingdom, attributing the threats to the recession ...

Debunking the Fuel Scarcity Myth and Its Impact on Financial Wellness

by Akpan Edidong

February 21, 2024

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The ongoing scarcity of certain essential commodities in Nigeria, including petroleum products and foreign currency, has sparked debates and speculations ...

Tinubu Orders Financial Sanctions on Niger Republic Coup Plotters.

by Stephen Akudike

September 12, 2023

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In a decisive move, President Bola Tinubu has directed the Central Bank of Nigeria (CBN) to enforce stricter sanctions against ...

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

CBN Instructs Banks to Provide Naira Payouts for Diaspora Remittance Beneficiaries

by Stephen Akudike

September 13, 2023

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The Central Bank of Nigeria (CBN) has introduced the Naira as a payout option for recipients of proceeds from international ...

Nigeria’s Forex Market Reacts to Exchange Rate Unification.

by Jide Omodele

September 13, 2023

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Nigeria's foreign exchange market has witnessed significant fluctuations since the recent announcement of the unification of all official exchange rate ...

Tag: remittances