Foreign exchange
7 Aug 2017
Central Bank of Nigeria (CBN) has extended the deadline for registration into the Bank Verification Number (BVN) project for Other Financial Institutions (OFIs) to December 31, 2017.
17 May 2017
The CBN, on April 10, opened a special FX window SMEs for import of eligible finished and semi-finished items not exceeding $20,000 for an enterprise per quarter.
3 Jan 2017
The report, the other day, that available local raw materials are now either being exported or sold to domestic manufacturers in foreign currencies should be of interest to all stakeholders.
25 Dec 2016
The major negative impact of this bilateral arrangement is that it will lead to increase pressure on our foreign exchange earnings. As you are aware, the language crude oil understands is US$.
6 Dec 2016
The Nigerian economy experienced three major shocks in recent time. The first one was the fall in global crude prices from over $100 to below $50.
10 Aug 2016
As Nigeria’s economy contracts owing to low oil prices, domestic challenges of being unable to meet previous oil production levels, the country of Champaigne drinkers has been overtaken by recession.
28 Jun 2016
The travails of the naira have continued with the national currency losing 49 kobo yesterday, exchanging for N281.49, as the Central Bank of Nigeria intervened with an undisclosed ...
22 Jun 2016
The newly adopted flexible exchange rate policy, which operations kicked-off on Monday, may have been described as a mix of risks and opportunities.
21 Jun 2016
The CBN yesterday executed over $4 billion in foreign exchange transactions as the new exchange rate regime begins, while the defied all forecasts and traded at between N253 and N281.5 to the dollar.
21 Jun 2016
The Central Bank of Nigeria (CBN) has done the appropriate thing by introducing a new foreign exchange (FX) regime and guidelines for the operations of the market-driven exchange rate for the Naira.
20 Jun 2016
An economist, Dr Aminu Usman says the new Foreign Exchange (FX) policy recently introduced by the Central Bank of Nigeria (CBN) will encourage portfolio investors to return to the economy.
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