Tag: Forex
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Nigerian govt considers banning dollar black market
The Nigerian government is considering making it illegal to trade in the foreign exchange parallel market in a bid to control a chronic dollar...
Textile, maize importers can get forex as CBN unbans 43 items (See full list)
The Central Bank of Nigeria has lifted a ban on 43 items that were previously restricted from accessing forex, a bank spokesperson said on...
Minister blames naira fall on $6.8bn forex payment backlog
Finance minister Olawale Edun says Nigeria has to clear a $6.8 billion backlog of foreign exchange forward payments before the naira stabilizes.
Forward contracts allow...
Naira at record low on black market, inches closer to 1000 to dollar
Naira fell to a record low on the black market on Wednesday, edging closer to 1000 to a dollar, as Nigeria’s foreign exchange problems...
Olam confirms paying bond for Nigeria director over forex case
Agricultural commodities trader Olam Group has confirmed it paid a bond to secure the release of its director in Nigeria.
The company said Olam Nigeria...