foreign exchange

Naira rallies to N1,455/$; reserves hit $43bn

Naira rallies to N1,455/$; reserves hit $43bn The positive rally of the local currency against the dollar continued yesterday with the…

4 months ago

Nigeria’s FX reserves at $41bn highest in four years

Nigeria’s FX reserves at $41bn highest in four years Nigeria’s foreign exchange (FX) reserves rose to $41 billion on August 19,…

6 months ago

Nigeria’s FX inflow faces threat as US considers taxing diaspora remittances

Nigeria’s FX inflow faces threat as US considers taxing diaspora remittances Nigeria’s foreign exchange earnings have come under fresh threat…

9 months ago

CBN injects $197.71m to boost FX as Trump trade tariff spreads

CBN injects $197.71m to boost FX as Trump trade tariff spreads The Central Bank of Nigeria (CBN) has supplied $197.71 million…

10 months ago

CBN posts $23bn net FX reserve, strongest in three years

CBN posts $23bn net FX reserve, strongest in three years The Central Bank of Nigeria (CBN) has achieved its strongest foreign exchange…

11 months ago

CBN permits BDCs to buy up to $25,000 FX weekly from NFEM

CBN permits BDCs to buy up to $25,000 FX weekly from NFEM The Central Bank of Nigeria (CBN) has granted…

1 year ago

Tinubu’s Naira directive will cut foreign exchange reliance, says Otedola

Tinubu’s Naira directive will cut foreign exchange reliance, says Otedola Billionaire businessman, Femi Otedola has praised President Bola Ahmed Tinubu’s directive for…

2 years ago

FG unveils initiative to boost youth employment, enhance Nigeria’s foreign exchange earnings

FG unveils initiative to boost youth employment, enhance Nigeria’s foreign exchange earnings ON the sidelines of the 78th United Nations…

2 years ago

BREAKING: Stop spending FX revaluation gains, CBN directs banks

BREAKING: Stop spending FX revaluation gains, CBN directs banks The Central Bank of Nigeria issued a directive instructing commercial banks…

2 years ago

My Administration will unify foreign exchange rate, Tinubu vows

My Administration will unify foreign exchange rate, Tinubu vows Newly-inaugurated President of Nigeria, Asiwaju Bola Ahmed Tinubu, has vowed that…

3 years ago