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Business

CBN Releases New Forex Codes To Check Exchange Rate Manipulation

The Central Bank of Nigeria (CBN) has released the Nigeria Foreign Exchange Code (FX Code) to strengthen the country’s FX market.The document which was...

News

Again CBN says $2.4bn of $7bn forex claim fictitious

The Central Bank of Nigeria (CBN), on Monday reiterated its position that about $2.4 billion out of the claimed backlog of $7 billion forex...

Business

Pay Up $2.3bn FX Backlogs To Calm Pressure On Naira, IMF Tells CBN

The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to pay up the remaining $2.2bn forex forward backlogs owed investors.The...

Business

CBN Clears $136.73m Foreign Airline Backlogs

The Central Bank of Nigeria (CBN) has confirmed that it has cleared the backlog of foreign exchange owed foreign airlines in the country by...

Business

CBN pays $61.6m in forex backlog to foreign airlines

The Central Bank of Nigeria (CBN) has released $61.6 million to foreign airlines through various Deposit Money Banks (DMBs).The CBN’s Acting Director of Corporate...

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