Forex

CBN pumps $218.41 million into foreign exchange market

THE Central Bank of Nigeria (CBN) as part of its effort to sustain the foreign exchange market has pumped...

Analysis: Despite forex restriction on milk importation, Nigeria’s apex bank still fund dairy imports

PUBLIC outcry and criticism greeted the supposed ban of the importation of dairies in Nigeria by the Central Bank...
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CBN does not require approval of Buhari to function- Moghalu

FORMER Central Bank of Nigeria deputy president, Professor Kingsley Moghalu who contested against President Mohammadu Buhari in the 2019...

‘Federal Republic of Jesters’… Twitter reactions to proposed forex subsidy for pilgrims

  Many Nigerians have expressed disappointment at the Senate for passing a resolution urging the Federal Government to approve a concession...
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House Of Reps Fixes Exchange Rate at N350 To A Dollar

The House of Representatives on Tuesday adopted the 2017 to 2019 Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, with exchange rate fixed at N350 to a dollar.

Senate Rejects Bill To Punish Private Ownership Of Forex

The Nigerian Senate has said that it will not support the moves by some government agencies to introduce a controversial bill banning people from owning foreign exchange.
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