CBN issues new forex guidelines on BDC transactions The Central Bank of Nigeria (CBN) has introduced updated guidelines that allow licensed Bureaux de Change (BDCs) to...
Forex: Naira hits N1,675/$ at parallel market The Naira yesterday appreciated to N1,675 per dollar in the parallel market from N1,680 per dollar on Wednesday. Similarly,...
Forex: CBN sells $20,000 to each BDC at N1,580/$ The Central Bank of Nigeria (CBN) has announced plans to inject more liquidity into the foreign exchange market...
Dealers, forex responsible for high prices of cement — BUA The Chairman of BUA Cement, AbdulSamad Rabiu, yesterday, said cement dealers frustrated his company’s plan to sell cement...
Forex: BDC operators speak on why naira has failed to recover Bureau De Change (BDC) operators in Nigeria have raised concerns over the Central Bank of Nigeria’s (CBN)...
Lagos court resumes trial of $950,000 forex fraud allegations Nov 12 The Federal High Court sitting in Lagos will, on November 12, resume the trial of five defendants...
Naira in massive gain at forex over dollar The naira saw significant appreciation against the dollar in both the official and black markets, closing the week on...
A’Ibom forex broker arraigned over N2bn scam The Economic and Financial Crimes Commission (EFCC) has arraigned one Rufus John Isip, a self-acclaimed forex broker, for alleged investment scam amounting...
CBN to sell $20,000 to each BDC at N1,450/$ The Central Bank of Nigeria (CBN) says it will offer foreign exchange (FX) to eligible Bureau de...
CBN ends Forex price verification portal for importers The Central Bank of Nigeria (CBN) says the foreign exchange (FX) price verification system (PVS) portal used by...