A simple and factual explanation of Nigeria’s exchange rate dynamics
US Dollar in Nigeria is determined by the quantity of Dollars that flow into the country as well as the ...
Tag: Foreign Exchange
Fuel scarcity: PENGASSAN says non-availability of FX to marketers responsible for crisis
PENGASSAN has claimed that the non-availability of FX at the CBN rate to marketers is largely responsible for the increase ...
Newly commissioned Dangote fertiliser plant to boost Nigeria’s foreign exchange earnings
President Buhari has said that the Dangote Fertilizer plant will boost Nigeria’s foreign exchange earnings as well as accelerate economic ...
BDC ban working as Forex demand migrates to Deposit money banks – CBN
Deposit money banks have witnessed an increase in foreign exchange demand due to the central bank’s ban of forex sale ...
DMO says it raised over $15 billion to boost foreign exchange
The Debt Management Office (DMO) pointed out that it raised over $15.368 billion through Eurobonds and a $300 million Diaspora ...
Reps to invite CBN on allegations of foreign exchange charges
The House of Representatives Finance Committee has decided to summon the Central Bank of Nigeria in response to allegations that ...
Dangote refinery will save Nigeria up to 30% of FX spent on imports – Emefiele
The Central Bank Governor, Godwin Emefiele has stated that Nigeria's import of petroleum products using 30% of its forex can ...
CBN denies report of plans to convert customers’ foreign currency account to naira
The CBN has dismissed reports of its planned conversion of foreign exchange in domiciliary accounts of bank customers into naira.
Naira gains at official window as dollar supply improves significantly by 80%
The local currency gained at the official window as the dollar supply improved significantly by 79.5%.
Exchange rate stabilizes across forex markets as CBN moves against abuse by dealers
Forex turnover at the I&E window increased substantially by 442% on Tuesday.
