Tag: Foreign Exchange

The House of Representatives Finance Committee has decided to summon the Central Bank of Nigeria in response to allegations that ...

The Central Bank Governor, Godwin Emefiele has stated that Nigeria's import of petroleum products using 30% of its forex can ...

The CBN has dismissed reports of its planned conversion of foreign exchange in domiciliary accounts of bank customers into naira.

The local currency gained at the official window as the dollar supply improved significantly by 79.5%.

Forex turnover at the I&E  window increased substantially by 442% on Tuesday.

Zenith Bank told customers that "this review is in response to today’s economic realities.”

The possibility of further devaluation and weak economic outlook has stalled foreign portfolio inflows.

Note that Nigeria's inflation could potentially rise to 14% by the end of the year due to a higher VAT ...

CBN intervenes in the foreign exchange market, the local currency, naira, on Monday May 4, 2020, appreciated against the dollar

"There is therefore no need for panic by any end-user that could necessitate recourse to illegitimate sources and spike in ...