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Foreign Exchange

Banking and Finance

CBN fixes $100,000 minimum trade for banks on forex platform

THE Central Bank of Nigeria (CBN) has set a minimum trade value of $100,000 for interbank foreign exchange trading...
Harrison EDEH -
Banking and Finance

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)...
Ehime ALEX -
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Business and Economy

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...
Ehime ALEX -
News

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...
Fatimah QUADRI -
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Business and Economy

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...
Ehime ALEX -
Banking and Finance

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...
Ehime ALEX -
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