CBN bans use of Forex as collateral for Naira loan
The Central Bank of Nigeria (CBN) has stopped bank and customers from using foreign currency as collateral for Naira loans. ...
Tag: Forex
Nigeria takes measures to crackdown on Forex speculators
Abuja, Feb. 21, 2024: In a concerted effort to safeguard Nigeria’s foreign exchange market and combat speculative activities, the Office ...
What CBN wants to do with exchange rate
Abuja, Feb. 10, 2024: With a flurry of rules, guidelines and directives, the Central Bank of Nigeria (CBN), has assured ...
Demand, supply of forex determine exchange rates – Cardoso
Abuja, Feb. 7, 2024: The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the value of the ...
Forex inflow, import curtailment will strengthen Naira –Expert
Abuja, Feb. 5, 2024: A Financial Expert, Dr Chijioke Ekechukwu, says the Naira can be strengthened if the country can ...
Nigeria’s move to stabilise Forex
Abuja, Feb. 4, 2024: Following recurrent free fall of Naira in the Foreign Exchange (Forex) market, the Federal Government has ...
CBN relaxes restrictions on forex rates quoted by IMTOs
Abuja, Feb. 2, 2024: The Central Bank of Nigeria (CBN), has removed allowable limit of exchange rate quoted by the ...
CBN releases $500m to clear more verified Forex liabilities
Abuja, Jan. 30, 2024: The Central Bank of Nigeria (CBN) has released $500 million to various sectors in its determination ...
CBN pays $2bn outstanding Forex liabilities
Abuja, Jan. 18, 2024:The Central Bank of Nigeria (CBN) has paid approximately two billion dollars in its bid to clear ...
Pressure on foreign exchange worries federal government
Sagamu (Ogun), Jan. 110, 2024:The Federal Government says it is actively addressing the issue of pressure on foreign exchange in ...
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