Tag: Forex

There is dollar drought in Nigeria. It has become the biggest challenge for the Central Bank of Nigeria, CBN, in recent memory. To its credit, the CBN is fully aware ...

Creative and innovative policies help to drive economic growth and development.  Crises spur critical thinking and creativity whereby new and useful ideas and policies are developed for the overall success ...

By Jackson Ugbechie The Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, is once again up against a special clan made up of Nigerians and non-Nigerians. They are ...

Naira vs dollar The Association of Bureau De Change Operators of Nigeria (ABCON) said on Saturday in Lagos that the resumption of sale of foreign exchange to BDCs would usher ...

By JACKSON UGBECHIE Godwin Emefiele, CBN Governor Dateline June 2015: Godwin Emefiele, the Governor of Central Bank of Nigeria, CBN, banned importation of 41 items which the apex bank classified ...

US dollars The scarcity of dollars at the parallel market worsened on Tuesday in Lagos and it forced the Naira down to N480 to a dollar. The Pound Sterling and ...

Nigerian banks plan to reduce the amount customers can spend abroad using debit cards on Monday, two lenders said, as banks try to limit foreign currency settlement risk. The country ...

Naira vs dollar Nigeria’s naira and other emerging market currencies will struggle over the next three months against the stronger dollar as tensions between the United States and China over ...

First Bank logo Nigerian banks have stopped international transfer of dollars and other foreign currencies from domiciliary accounts, claiming it was a directive from Central Bank of Nigeria (CBN). Investigations ...

The Securities and Exchange Commission (SEC) says the commission is committed toward ensuring that the commodities trading ecosystem in the country becomes vibrant to contribute to economic development. A statement ...