Foreign Exchange

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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ABCON urges speedy implementation of policy as CBN unbanned 43 items 

The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN)...

CBN unbans 43 items restricted from accessing FX

The Central Bank of Nigeria (CBN) lifted the ban on the 43 items from accessing foreign exchange (FX). It announced...
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