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).
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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.
A Federal High Court, Abuja has granted an interim order sought by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1, 146 bank accounts belonging to individuals and companies over allegations bordering on unauthorised dealing in foreign exchange, among others.
The Central Bank of Nigeria (CBN) has warned bank customers to desist from using foreign currency as collateral for Naira…