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...
By Edozie Obasi-Eze Nigeria’s domestic currency, Naira on Tuesday, strengthened against the U.S. dollar at the official market, though it recorded a significant fall in...
Modupe Asudo with agency reports LAGOS-THE naira has appreciated further in the parallel market as the dollar was sold for N540 on Wednesday, with traders saying...
LAGOS — REFINERIES may have assumed a first-line charge in Nigeria as the Central Bank of Nigeria, CBN, said that it would assist the Dangote Group to...
ABUJA—The Central Bank of Nigeria, CBN, is now to allocate foreign exchange to end-users, with priority given to matured Letters of Credit, importation of petroleum products,...