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...
By Edozie Obasi-Eze The Nigerian government’s policy of blocking foreign airlines from repatriating ticket sales revenue running to $450m (N188.6bn) into their respective countries has...
By Edozie Obasi-Eze Scarcity of foreign exchange to fund importation of essential machinery and raw materials for the manufacturing sector has caught the attention of...
