Retail foreign exchange traders, also known as Bureau De Change (BDC) operators, have expressed optimism that the Central Bank of…
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The Naira opened the week on a mild downward trend on Monday, trading at N1,448.43 to the US Dollar at…
The Central Bank of Nigeria (CBN) has established a minimum trade value of $100,000 for interbank foreign exchange (FX) trading conducted through the Electronic Foreign Exchange Matching System (EFEMS).
The Central Bank of Nigeria (CBN) says it sold $543.5 million to authorised dealer banks between September 6 and 30.…
The $20-billion Dangote refinery investment with a 650,000 barrel capacity per day will undoubtedly boost Nigeria’s foreign exchange. Equally, the…
A pineapple Farm Estate Developer, Davidorlah Nigeria Limited, has recommended investments in pineapple production to drive revenue generation in the…
The Central Bank of Nigeria (CBN) may spend up to $110.81 million to sell foreign exchange (FX) to eligible Bureau…
“Refining crude domestically will save foreign exchange and positively impact the economy in the medium term,” Bhatia said after an extensive tour of the facility.
This trend signals the first month of stable exchange rates since the Central Bank of Nigeria (CBN) implemented a series of reforms in the foreign exchange sector.
According to the latest data published by the Central Bank of Nigeria (CBN), the reserves now stand at $33.58 billion as of June 19, 2024.