Agro Processors ask CBN to enable easy forex access for SMEs
The Association of Food and Agro Processors (AFAP) has appealed to Central Bank of Nigeria (CBN) to assist Small and Medium Enterprises (SMEs) to easily […]
FOREX
We must discontinue dependence on crude oil for public revenue, forex – Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has reiterated the need for the country to discontinue with heavy dependence on […]
Naira loses against dollar at the parallel market
Barely 24 hours the Central Bank of Nigeria (CBN) resumed dollar sales at the Bureau De Change (BDC) sector, the Naira have reversed the gain […]
CBN to Sanction Exporters Over Forex Non-Repatriation
By Tony Obiechina, Abuja In its effort to increase foreign exchange liquidity in the country, the Central Bank of Nigeria (CBN) has directed all banks […]
Naira strengthens against dollar
Barely 24 hours the Naira was forced to a downward trajectory by dollar scarcity, it bounced back, closing at N477 to a dollar at the […]
Dollars scarcity worsens, forces Naira down
The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar. The News Agency of […]
Forex ban on maize/corn importation ‘ll increase cost of livestock feeds – Expert
An Agricultural Economist, Mr Nnamdi Infenkwe, says the ban on access to foreign exchange (Forex) for importers and dealers of maize/corn will lead to unprecedented […]
Forex: CBN injects $292.34m, CNY 22.8m into Retail SMIS
ABUJA – The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting the […]
CBN injects $218.41m, CNY 18m into Retail SMIS
ABUJA – In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, February 7, 2020, injected the […]
Forex: CBN injects $323.5m, CNY 17.9m into Retail SMIS
ABUJA – In its last intervention for the month of November, the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an intervention […]