The Nigerian Naira recorded a slight gain in the parallel market on Friday, trading at N1,463 per US dollar, up from N1,465 per dollar recorded on...
The Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira, citing a misalignment between its sales proceeds and crude oil purchase...
The naira’s performance against the dollar has shown typical seasonal patterns, with December seeing increased demand for the naira due to returning expatriates and holiday activities....
The Central Bank of Nigeria (CBN) has unveiled a new Electronic Foreign Exchange Matching System (EFEMS) to streamline foreign exchange transactions within the Nigerian Foreign Exchange...
Nigeria’s Letter of Credit (LC) payments declined by 57% in the first seven months of 2024, according to the latest data from the Central Bank of...
Justice Emeka Nwite of the Federal High Court Abuja, on Wednesday 24, April, 2024 granted the Economic and Financial Crimes Commission, EFCC, an interim order to...
In a bid to curb illicit financial activities, the Economic and Financial Crimes Commission (EFCC) has imposed restrictions on 300 accounts suspected of involvement in dubious...
Banks have reported increased profits attributed to extraordinary gains from foreign exchange revaluation due to the depreciation of the Naira. Leading banks submitted financial...
Governor, Central Bank of Nigeria, Godwin Emefiele is of the opinion that the RT200 programme had made good progress in export proceed repatriation since it...
The month of April 2023 saw a sharp decline in the volume of dollars traded in the Investors and Exporters (I&E) window of the foreign...
