On Friday, May 24, 2024, Justice Yellim Bogoro of the Federal High Court in Ikoyi, Lagos, issued an interim forfeiture
“The CBN has achieved a unified exchange rate – this has eluded Nigeria for 11 years. All this is
The Central Bank of Nigeria has banned the sales of forex on the streets across the country. The order for
The Central Bank of Nigeria has directed all Bureaux De Change operators in Nigeria to reapply for new licences as
If we agree that transparency is increasingly of the essence, then the Central Bank must also stop leaning against the
The naira, Nigeria’s currency, has been under severe pressure in recent months, and the Central Bank of Nigeria (CBN), the
Today, confronting evidence of the cackhandedness of our management of our foreign exchange resources until very recently, the question turns
In July 2021, Lagos-based software engineer Sodiq Lawal was working on a project for a fintech startup when the Central
What should we do about all of this? As I have said before, and say again, we have two options.
The Central Bank of Nigeria (CBN) via the Director, Corporate Communications, Mr. Osita Nwanisobi, disclosed in a statement that it
With the naira’s exchange rate plumbing new depths and the balance on the gross external reserves scraping the bottom of
CBN “Essentially, when Emefiele says “jump,” his former banker colleagues sitting on the committee simply reply “How high?” In late
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