The Central Bank of Nigeria (CBN) has given the green light to commercial, merchant, and non-interest banks operating in Nigeria to trade with tradeable foreign currencies deposited in dorm accounts created under the foreign currency disclosure, deposit, repatriation, and investment scheme which were not invested immediately.
The Federal Government of Nigeria has launched a 9-month window for Voluntary Currency Disclosure, Depositing, Repatriation, and Investment Scheme, also known as the "Disclosure Scheme," under Executive Order No. 15 of 2023.
Guinness Nigeria Plc has released its unaudited financial report for the nine-month period concluding on March 31, 2024. The report reveals a significant downturn, with a loss after tax amounting to N61.7 billion.
CBN's ban on foreign currency collateral garners analyst support for economic stability and FX liquidity boost
Egypt will allocate $2.66bn for bread subsidies in its 2024/2025 Budget and $3.13 billion in petroleum products subsidies according to a statement by Mohamed Mait, the country’s Finance minister.
The Central Bank of Nigeria (CBN) has reiterated its position on how banks utilize their FX revaluation gains referencing a previous circular dated September 11, 2023.
You can easily open a dom account with most Nigerian banks.
A total of $43 billion flowed out of the CBN in foreign currencies as remittances faltered all through.
