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Foreign Exchange

Naira fails to strengthen despite CBN’s $543.5m forex sales to banks

THE Nigerian currency failed to show a marked improvement against the dollar despite the Central Bank of Nigeria's (CBN)...

CBN sells $20,000 to BDCs amid FX distortions

THE Central Bank of Nigeria (CBN) has approved the sales of $20,000 to each of the eligible Bureaux De...
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Naira appreciates to 7.2% against dollar at official market

ON Friday, April 12,  the official market saw a sharp increase in the value of the naira, which traded...

CBN reviews FX rates on import duty amid increasing commodity prices

THE Central Bank of Nigeria (CBN) has reviewed the formula for fixing foreign exchange (FX) rates for Customs duty...
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Naira depreciates by N456.73 despite CBN $500m FX clearance

THE Nigerian currency lost N456.73 to the dollar on Monday, January 29, to close at N1,348.63/$1 at the official...

Federal lawmaker condemns EFCC raid on Dangote headquarters

A federal lawmaker, Ikeagwuonu Ugochinyere, has condemned the raid by the operatives of the Economic and Financial Crimes Commission...
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