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Business

CBN Issues Further Guidance on Operational Changes to Foreign Exchange Market

(CBN Press Release) Following the Central Bank of Nigeria (CBN) press statement of June 14, 2023, on new guidelines in the foreign exchange market,...

Business

Don’t Be Frivolous In Spending Savings From Fuel Subsidy Removal, Rewane Warns Govt

The Federation Account Allocation Committee (FAAC) may share up to N1.2trn as monthly allocation to the federal, states and local governments from fuel subsidy...

Business

How Nigerians Can Access Dollars Under The New CBN Forex Regime

On June 14, the Central Bank of Nigeria collapsed all segments in the foreign exchange market into the Investors’ and Exporters’ Window.By implication, all...

Business

What Nigeria Stands To Gain From CBN’s New Forex Market Unification Order

The decision of the Central Bank of Nigeria to allow banks to source their dollars from anywhere and sell at their own price has...

Business

MAN Alerts Of Imminent Hike In Price Of Goods Over New CBN Forex Policy

The Manufacturers Association of Nigeria (MAN) has alerted that consumers should be prepared to pay higher amount for goods as prices are set to...

Business

Foreign Exchange Reserves Inherited By Tinubu Sheds $125m

The foreign exchange reserves inherited by President Bola Tinubu dropped by $125 million two days after he pledged to boost forex inflows into Africa’s...

Tech

Nigeria’s Grey launches to help users access foreign currencies. 2 other stories and a trivia

This line-up of stories will help you discover the latest happenings around the tech world, today.1. Nigeria’s Grey launches to help users access foreign...

Business

CBN denies devaluing naira, increasing dollar rate to N631

The Central Bank of Nigeria (CBN) has refuted a report that the naira has been devalued and the dollar rate increased to N631.A report...

Business

Dollar Falls To N755 At Black Market As Tinubu Vows To Unify Exchange Rate

Nigeria’s unofficial foreign exchange market reacted positively on the inauguration day of Bola Ahmed Tinubu as Nigeria’s 16th President.The black market opened on Monday...

Business

‘New Naira Note Can Last A Long Time’– CBN Faults Claims Of Decomposing Currency

Nigerian investors are losing a lot to the devaluation of the naira, but they must invest in dollar denominated assets to hedge against the...

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