Nigerians seeking foreign exchange for international transactions can now breathe a sigh of relief as FirstBank announces the resumption of
The Central Bank of Nigeria has ramped up its efforts to stabilize the naira, but at what cost? Among its
Key Points The Central Bank of Nigeria (CBN) sold $122.7 million to 46 authorised dealers to stabilise the foreign exchange
Key Points The Central Bank of Nigeria (CBN) allows eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX)
“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
In July 2021, Lagos-based software engineer Sodiq Lawal was working on a project for a fintech startup when the Central
Recent slides in the official exchange rate of the Naira and the dramatic widening of the parallel market premium signaled
The exchange rate or the external value of the naira is the most important price in the Nigerian economy. Hence,
In May 2020, the Director of Nigeria’s Budget Office revealed that the country had lost around 80% of oil revenue
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, last week criticized Nigerians for patronizing the black market for foreign
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