The analysts noted that the FX inflows through the CBN accounted for about 56 percent of aggregate inflows in the economy. Total foreign exchange (FX) inflow into the Nigerian economy increased sharply to $30.2 billion in the third quarter (Q3) 2021…
By Uthman Salami Last year, rift between oil marketers and indecisiveness on the part of federal government almost threw Nigerians into torrid moments – the time they had to wait for hours, and sometimes days before they could get fuel. …
Nigerian naira tumbled to N435 against the dollar at the official market on Friday. This is coming as the Central Bank of Nigeria (CBN) adjusted the country’s exchange rate on its website to N413.49/$1 — in what seems to be…
Nigeria recorded a transaction value of $32.3 billion in forex turnover in 2021 on the Investors and Exporters Window (I&E) where forex is sold officially. This is according to data on the FMDQOTC collated daily over the last two years…
Nigeria recorded a transaction value of $1.1 billion in trades on the Investors and Exporters Window (I&E) where forex is sold officially. This is according to data on the FMDQOTC. Trading values on the I&E window has increased in recent…
By Aanu Olaleye with News Agency An economist, Prof. Sheriffdeen Tella, on Tuesday urged commercial banks to legitimately sell Foreign Exchange (Forex) to customers to enable the exchange rate of the naira to the dollar appreciate. Tella, a Professor of…
The Association of Bureaux De Change Operators of Nigeria has assured members of the public that Bureaux De Change operators are still providing foreign exchange services. ABCON said while the dollar sale from the Central Bank of Nigeria had helped…
…discontinuation to mount pressure on exchange rate – Analysts at Cordros Research By Ogaga Ariemu & Olaleye Aanuoluwapo, Abuja Members of Bureau De Change (BDCs) operators and importers have expressed shock over the ban of forex sales to BDCs by…
Manufacturers and Industrialists on Wednesday appealed to the Federal Government and the Central Bank of Nigeria (CBN) for a review of the available Foreign Exchange (FX) policies in the country. They said this would support manufacturing’s import of unavailable local…
