CBN halts approval for extension of export proceeds repatriation
In a move aimed at tightening the management of foreign exchange, the Central Bank of Nigeria (CBN) has announced that...
- Friday, January 10, 2025
BusinessDay
In a move aimed at tightening the management of foreign exchange, the Central Bank of Nigeria (CBN) has announced that...
The foreign exchange market in Nigeria has witnessed a remarkable transformation, characterised by increased stability and transparency, following recent policy...
The naira on Tuesday closed flat across foreign exchange (FX) markets. The market has remained calm since the introduction of...
… Dollar demand declines as invisible transactions drop Nigeria’s currency has appreciated by N125 to a dollar one month after...
Nigeria faces many challenges including energy blackouts, high import costs, rising commodity prices and lack of capital to support Small...
The ongoing recapitalisation of Nigeria’s banking sector is set to generate far-reaching benefits, particularly in job creation, wealth distribution, and...
Dollar demand by various sectors of the Nigerian economy, also referred to as foreign exchange (FX) utilisation, fell by 11...
The naira has witnessed a notable recovery, appreciating by N125 against the dollar within a month following the implementation of...
Bolaji Sofoluwe, a celebrated British-Nigerian business leader, investor, and entrepreneur, has been awarded the Member of the Order of the...
The naira on Friday recorded a second marginal gain against the dollar as pressure eases in the official foreign exchange...