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Foreign exchange

CBN governor Emefiele
30 Jul
The Central Bank of Nigeria (CBN) has urged Nigerians and the economic community not to succumb to the speculative activities of some players in the foreign exchange market.
14 Jul
To increase Nigeria’s foreign exchange earnings across the country, Johnvents Industries Limited has processed about 5,000 metric tonnes of cocoa for export, six months after its unveiling in Ondo State.
5 Jul
Mr. Jude Chime is the Chief Executive Officer, Elan Exhibitions West Africa Limited. He spoke to VICTOR GBONEGUN on the 2022 Megaclima West Africa Expo starting today
5 Jul
There was a breather for Nigeria’s external reserves after all as the figures gained $671.6 million or 1.74 per cent to close in June at $39.15 billion.
25 May
Experts have renewed calls to the Federal Government (FG) to adopt a policy that would help tackle the prolonged volatility in the nation’s foreign exchange (forex)
25 Apr
Naira held firm against convertible currencies in the 1970s, trading at 62 kobo to a dollar in 1973 when Nigeria converted to naira and kobo.
18 Apr
Against the backdrop of debilitating domestic and exogenous shocks to the Nigerian economy in recent years, the foreign exchange market has experienced notable challenges which have elicited the attention of different stakeholders....
23 Feb
The content of the press briefing of the Bankers’ Committee held by the chief executive of the Central Bank of Nigeria on 10 February 2022 at the headquarters of the apex bank in Abuja...
4 Jan
The monetary authority is in a good position to ease foreign exchange (FX) pressure as its coffers have been enhanced by a sizable $7.3 billion liquidity – $4 billion Eurobond issuance
30 Dec 2021
Amid currency crisis and fluctuation in oil prices, the country’s gross foreign reserves dipped by nearly $600 million in December alone. This raises fresh concern about the short to medium-term stability of the foreign exchange market.
30 Dec 2021
The Federal Government says it is working on relevant measures to improve access to foreign exchange (FX) for the importation of raw materials and machines, which could not be sourced locally.
11 Oct 2021
In recent months, developments in the Nigerian foreign exchange market have elicited reactions from stakeholders, some of which reflect understanding while others do not.

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