Forex
Nigeria’s forex inflows dip as global uncertainty bites
Onome Amuge Foreign exchange inflows into the Nigerian Foreign Exchange Market (NFEM) slowed in April, reflecting the dampening effect of…
CBN halts extension for export proceeds repatriation
Onome Amuge The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation on behalf…
CBN policies propel uptrend in Nigeria’s FX reserves to $40.23bn
Bamidele Famoofo The latest data from the Central Bank of Nigeria (CBN) indicates a notable improvement in the country's foreign…
CBN sets $100,000 minimum trade limit on new electronic FX platform
Onome Amuge The Central Bank of Nigeria (CBN) has set a new minimum trade size of $100,000, with increments of…
Nigeria loses N13trn to forex subsidy — World Bank
Business a.m. The federal government incurred a significant loss of N13.2trn in foregone revenue as a direct consequence of the…
Delay in resolving $2.4bn CBN’s FX forwards contracts threatens economy
PHILLIP ISAKPA IN LONDON, UK The lingering delay by the Central Bank of Nigeria (CBN) to reach a final resolution…
ABCON talks collaboration, guidance with SEC on digital currency harmonisation
Business a.m. The Association of Bureaux De Change Operators of Nigeria (ABCON) has reached out to the Securities and Exchange…
