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Business

CBN boosts forex market with sale of $20k to BDCs

The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange to eligible Bureau De Change (BDC) operators at N1,590 per dollar...

Business

Nigerian govt promises to stabilize forex market

The Federal Government on Saturday promised to implement macroeconomic reforms to stabilise the foreign exchange market.The Minister of Information and National Orientation, Mohammed Idris,...

Business

Naira Gains N55 Against Dollar As CBN Settles Part Of FX Forwards Of Banks

The naira has gained N55 against the United States dollars at the black market controlled by Bureau de Change dealers.The currency opened N1,220 per...

Business

CBN to forex speculators: Be careful, you will soon suffer losses

By Danlami NmoduThe Central Bank of Nigeria, CBN has warned foreign exchange speculators to be careful as fresh measures soon to be unveiled by...

Business

CBN to take measures to save forex market

The Central Bank of Nigeria (CBN) will soon come up with stringent measures to stabilise multiple exchange rate in the country.The CBN Acting Governor,...

Business

BREAKING: CBN Permits Banks To Sell Dollars At Any Rate

The Central Bank of Nigeria has permitted banks to sell foreign exchange at their own price.The development is coming after the sack of former...

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