Tag: foreign exchange
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CBN alerts Nigerians to fake foreign fund transfers
The Central Bank of Nigeria (CBN) has advised members of the public to be cautious of fake SWIFT Messages on foreign exchange remittances to their Nigerian bank accounts.
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CBN sells $543m to banks to check market volatility
The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between September 6 and September 30.
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Real reason CBN introduced EFEMS for FX transactions
The Central Bank of Nigeria (CBN) has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange (FX) transactions in the Nigerian Foreign Exchange Market (NFEM).
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CBN injects 122.671m Dollars into FX market
The Central Bank of Nigeria (CBN), has sold the sum of 122,671 million dollars to 46 authorised dealers.
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Senate rejects bill to amend Foreign Exchange act
The Senate on Thursday, rejected a Bill seeking to amend the Foreign Exchange Act, 2004.
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CBN has cleared all outstanding FX obligations – Director
The Central Bank of Nigeria (CBN) says all valid foreign exchange backlogs have now been settled.
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Foreign Exchange: Naira gains weight twice in one week
The Naira has gained weight significantly against the US Dollar for the second consecutive time in the period of just one week at the foreign exchange market.
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We will tackle pressure on foreign exchange – FG
The Federal Government says it is actively addressing the issue of pressure on foreign exchange in Nigeria.
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How Nigeria can enhance foreign exchange earnings – Customs CG
The Nigeria Customs Service (NCS) says the African Continental Free Trade Agreement(AfCFTA) stands as a golden opportunity for Nigeria to significantly enhance its foreign exchange earnings. The Comptroller General of Customs (CGC), Comptroller Adewale Adeniyi,
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BREAKING: Reps summon CBN Gov for lifting FX ban placed on 43 items
The Nigerian House of Representatives has summoned Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso to explain the decision to lift the restriction on forex supply on 43 imported items.