Foreign Exchange

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...

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)...
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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...

43 non-eligible items remain banned from forex, CBN insists [List included]

THE Central Bank of Nigeria (CBN) has reiterated that the 43 non-eligible items remain banned from accessing foreign exchange...
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Foreign exchange: Nigeria, Ghana, others have shortage of US dollars – why this happens and how to fix it

By Christopher Adam, University of Oxford A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are...

Nigeria’s credit rating drops to negative

THE International credit rating agency, Standard & Poor’s (S&P), announced on Monday that Nigeria’s credit rating has lowered to...
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