Buhari exhibiting economic illiteracy for banning Forex on food importation – Expert
An expert in political economy, Dr Tosin Oluwarotimi, has slammed President Muhammadu Buhari over his directive to the Central Bank of...
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MAN, LCCI kick against CBN’s planned forex restriction for imported milk
The Lagos Chamber of Commerce and Industries (LCCI) and the Manufacturers Association of Nigeria (MAN) have kicked against the plan to...
Labour reacts to CBN ban on forex sale to importers
Comrade lssa Aremu, General Secretary, National Union of Textile, Garment and Tailoring Workers of Nigeria, (NUTGTWN) has lauded the...
CBN injects $55m for Nigerians needing Forex for travel, tuition, medical fees
The Central Bank of Nigeria (CBN) on Monday injected the sum of $55m into the economy for Nigerians requiring foreign exchange (Forex)...
CBN ‘removes’ 36 items from forex ban list
The Central Bank of Nigeria (CBN) has reportedly removed 36 sub-items from the list of items banned from accessing forex from its window...
2015: Forex owned by APC, PDP was severally tracked – Ex-NSA consultant, Shuaib
A Public Relations Consultant, Yushau Shuaib, has revealed how the nation’s security agencies, at different times, tracked huge sums of...
CBN opens Forex window for airlines, oil marketers
The Central Bank of Nigeria (CBN) has announced a special market intervention for airline operators, oil marketers, and agricultural...
CBN releases list of items valid for Forex
The Central Bank of Nigeria (CBN) on Wednesday published a list of items, for which importers can source foreign exchange (Forex) from...
Forex: We will sustain intervention – CBN
The Central Bank Nigeria (CBN) has said it will continue to make foreign exchange supply available. This assurance was given in a...
CBN urges Nigerians to report banks that refuse to sell Forex
The Central Bank of Nigeria (CBN) has urged Nigerians to report any bank that refuses to sell Forex to them at the approved rate within...
CBN to begin sale of Forex to BDCs twice weekly
The Central Bank of Nigeria will begin sale of foreign exchange to Bureau De Change operators twice weekly from Monday. This was...
CBN orders banks to meet forex demand within 48 hours
The Central Bank of Nigeria, CBN, has directed Money Deposit Banks to henceforth process and meet the demand for dollars and other...
Forex: Anxiety as CBN prepares to pump more dollars in market
Traders in foreign exchange are anxious following news that the Central Bank of Nigeria, CBN, will this weekend, pump more dollars into...
Senate vows to reject proposal to punish people for ownership of FOREX
The Senate has expressed surprise at a recommendation by the Nigerian Law Reform Commission for a review of the Nigerian Foreign Exchange...
Give us forex or we leave Nigeria – Foreign Airlines warn FG
The Association of Foreign Airlines’ Representatives in Nigeria (AFARN), on Wednesday said its members had yet to benefit from the...
Naira extends gain against dollar
The Naira on Tuesday extended its gains against the dollar across the forex market, the News Agency of Nigeria (NAN) reports. The...
Naira appreciates at the forex market
The Naira on Thursday appreciated at the forex market barely 24 hours after liquidity challenges forced it to depreciate thrice in six...
CBN approves special forex intervention for airlines
The Central Bank of Nigeria, CBN, has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country...
Forex: Erisco Foods threatens to fire 1,500 workers, leave Nigeria
The company’s Chief Executive, Mr. Eric Umeofia, said it would lay off 1,500 employees and quit Nigeria for a more favourable business...
Forex: Cement price skyrockets nationwide
A bag which hitherto sold for about N1, 600, now sells for N2,200 and above. 2nd Vice President, Nigeria Institute of Building (NIOB),...
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