By Tony Obiechina, Abuja Central Bank of Nigeria (CBN) says its official market recorded a turnover of $43bn in customer transactions by the end of July...
By Tony Obiechina, Abuja Nestle Nigeria Plc has recorded another half-year loss after tax, following the foreign exchange reform introduced by the Central Bank of Nigeria...
By Tony Obiechina, Abuja Following the on-going reforms in the foreign exchange market, with the objective of achieving an appropriate market determined exchange rate for the...
Justice Lewis Allagoa of a Federal High Court in Lagos, on Monday, struck out the charge against 19 Bureau De Change (BDC) Operators, following the withdrawal...
By Tony Obiechina, Abuja In a bid to manage risks and prevent potential losses with systemic implications, the CBN on Wednesday issued stringent prudential requirements for...
By Tony Obiechina, Abuja Central Bank of Nigeria (CBN), in fulfillment of its pledge to clear the backlog of foreign exchange owed foreign airlines in the...
By Tony Obiechina with Agency report Central Bank of Nigeria (CBN), in its bid to clear the backlog of outstanding foreign exchange liabilities, has paid approximately...
By Tony Obiechina, Abuja The Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf has called on the Central Bank of...
By Tony Obiechina, Abuja President Bola Tinubu on Monday assured investors that the Federal Government will clear all outstanding foreign exchange obligations.Tinubu gave the assurance at...
By Tony Obiechina, Abuja The Central Bank of Nigeria (CBN), on Wednesday night announced immediate changes to operations in the Nigerian Foreign Exchange (FX) Market. Consequently,...