Nigeria’s foreign exchange reserves have experienced a significant decline in the first three weeks of January 2025, raising concerns among economic analysts. According to data released by the Central Bank…
The Central Bank of Nigeria (CBN) has announced the imminent launch of the Nigerian Foreign Exchange (FX) Code, a significant step towards enhancing the ethical conduct and transparency of the…
Nigerian telecom companies collectively owed banks a substantial N1.69 trillion as of September 2024, according to the latest Central Bank of Nigeria (CBN) report. The telecom debt is a decline…
The Central Bank of Nigeria (CBN) has taken a decisive step to enhance foreign exchange (FX) regulations by suspending the approval of extensions for the repatriation of export proceeds. This…
Nigeria’s external debt servicing costs surged by 38 percent in the first nine months of 2024, reaching a staggering $3.53 billion, according to data released by the Central Bank of…
The Central Bank of Nigeria (CBN) has announced a substantial increase in the country’s non-oil export earnings, signaling a positive trend in Nigeria’s economic diversification efforts. According to the CBN’s…
The Central Bank of Nigeria (CBN) has taken a significant step to streamline and regulate the interbank foreign exchange (FX) market by introducing new guidelines for its Electronic Foreign Exchange…
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to a tight monetary policy stance as it continues to grapple with persistent inflationary pressures. In a bid to tame…
The Central Bank of Nigeria (CBN) has granted a much-needed reprieve to Bureau De Change (BDC) operators by extending the deadline for recapitalization. The new deadline, set for June 3,…
Nigeria’s foreign exchange market continues to be a subject of intense scrutiny, with divergent views emerging from global financial institutions. While the International Monetary Fund (IMF) has expressed optimism about…