Tag: Forex
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Street-trading of dollars banned as CBN resumes sales to BDCs
The Central Bank of Nigeria has restarted dollar sales to exchange bureaus, reversing it decision to end sales in 2021 to combat graft and...
Dollar: Former statistician-general Yale faults CBN’s demand control moves
Former Nigerian statistician-general Yemi Kale has faulted the Central Bank of Nigeria's (CBN) approach to stabilizing the naira by moderating dollar demand.
Mr Kale said...
Punch pulls report on CBN converting dollars in domiciliary accounts to naira
Nigerian newspaper Punch has pulled down a report it published on Saturday, suggesting the Central Bank of Nigeria (CBN) planned to convert $30 billion...
Forex backlog audit reveals irregularities of $2.4 billion, says CBN
The Central Bank of Nigeria (CBN) disclosed on Monday that a forensic audit of the $7 billion overdue foreign exchange transactions, which the bank...
Naira’s fall continues as CBN releases another $500 million for forex backlog
The Central Bank of Nigeria (CBN) says it has released $500 million to various sectors in its effort to address the backlog of foreign...