The Nigerian naira witnessed a notable decline in both the official and parallel foreign exchange markets, raising fresh concerns about the country’s economic stability and… Read More »CBN Struggles Against Fresh Naira Decline as Banks Sell over $3 Billion
From now on, all deposit money banks (DMBs) must reveal their foreign exchange (FX) holdings and reduce them to a level that does not fall… Read More »Frenetic CBN increases its grip on banks’ foreign exchange activities, speculators
The Central Bank of Nigeria has ordered travellers who buy foreign exchange from banks for travel purposes but fail to embark on the trip two… Read More »CBN Orders Travellers To Return Unused Forex In Two Weeks
The Nigerian Naira has dropped N4 against the dollar in the foreign exchange market on Thursday even as crude oil prices increase. The exchange rate… Read More »Naira Drops N4 In Forex Market
Although advantageous, local currency financing for off grid renewables projects and businesses in Africa is still limited, according to a new report released by the… Read More »Financing For Off-Grid Energy Solutions Needs Scaling Up -AfDB Report
The Nigerians in Diaspora Commission (NiDCOM) on Tuesday commended the Central Bank of Nigeria (CBN) for its new policy to grant unfettered access to Foreign… Read More »Dabiri-Erewa Commends CBN For Diaspora-friendly Forex Policy