The CBN sells $20,000 to each BDC at ₦1,450 per dollar to facilitate invisible transactions, aiming to stabilize the foreign exchange market and ease naira pressure
CBN
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The Nigerian naira plummets to a record low of N1507.83 to the dollar, highlighting economic challenges and sparking concerns over inflation and cost of living.
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ABUJA – The Nigeria Labour Congress (NLC) has strongly criticized the Central Bank of Nigeria (CBN) over its proposed cybersecurity levy, arguing that it will place an undue burden on …
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The Central Bank of Nigeria (CBN) has commenced the sale of foreign exchange (forex) to eligible Bureau De Change (BDC) operators at the rate of N125.1 per US dollar. This …
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A forensic expert has testified in court that the signatures of former President Muhammadu Buhari and ex-Secretary to the Government of the Federation (SGF) Boss Mustapha were forged to withdraw …
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Nigeria’s central bank (CBN) and its national security adviser (ONSA) have joined forces to tackle the problem of forex speculators, who are accused of manipulating the exchange rate and hurting …
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A shocking scandal has rocked Nigeria as a former top official revealed that President Muhammadu Buhari’s signature was forged to withdraw $6.2 billion from the Central Bank of Nigeria (CBN) …
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The Nigerian National Petroleum Company Limited (NNPC Ltd.), the largest company in the country, has announced that it will move a significant portion of its revenues and other banking services …
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The Nigerian naira has staged a remarkable recovery against the US dollar in the past week, thanks to a series of policy measures by the Central Bank of Nigeria (CBN) …
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The former vice president of Nigeria, Atiku Abubakar, has criticized President Bola Tinubu’s order to the Central Bank of Nigeria (CBN) to take over the responsibility for crude oil sales …
