CBN

Things to know as CBN begins sales of dollars to BDCs

The Nigerian Central Bank has declared its intention to offer foreign exchange valued at $20,000 to all qualified Bureau De…

8 months ago

Naira vs USD: CBN to ban street trading, mulls fresh guidelines for BDCs

The Central Bank of Nigeria has announced new rules to Bureau De Change Operators in Nigeria, including the possibility of…

9 months ago

CBN increases exchange rate for cargo clearance to N1,605 per US dollar

In light of the ongoing foreign exchange crisis, the Central Bank of Nigeria increased the exchange rate for cargo clearance…

9 months ago

How ex-CBN Gov Emefiele approved $6.2m for international election observers

On Monday, February 12, 2024, Ogau Onyeka Michael, the first prosecution witness in Godwin Emefiele's trial, the former governor of…

9 months ago

CBN gives update on exchange rate

The exchange rate between the naira and the dollar will remain stable, according to the Central Bank of Nigeria, CBN. This…

9 months ago

Tension as Southern, Middle Belt Forum meets today over FAAN, CBN relocation

The Federal Government's decision to relocate the Federal Airports Authority of Nigeria (FAAN) headquarters and certain Central Bank of Nigeria…

9 months ago

Naira: Dollar supply surge by 180 per cent at forex market over CBN intervention

US dollar supply at the official foreign exchange market jumped last Friday, reaching 180.59 percent to $440.13 million as commercial…

9 months ago

CBN speaks on conversion of $30bn domiciliary deposits to naira

The proposal to convert $30 billion in deposits in domiciliary accounts to naira has been rejected by the Central Bank…

9 months ago

Naira appreciates against US Dollar amid CBN intervention

At the end of January 2024, the Naira saw a slight increase against the US dollar on the official foreign…

9 months ago

CBN, FAAN: “You’re making noise” – Sanusi blasts northern politicians

Muhammadu Sanusi, a former emir of Kano, claimed that politicians in the north are making "noise" in response to the…

9 months ago