Naira Hits N1,315/$, Hits Strongest Level In Two Years As Reserves Climb To $54.08bn
THE naira appreciated to N1,315 against the United States dollar on Thursday at the official section of the foreign exchange (FX) market, recording.
News
News
‘We’ve Cleared Forex Backlogs’, CBN Says
THE Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of s$7 billion have now been settled, fulfilling a.
News
CBN Stops Oil Companies From Remitting 100% Forex Proceeds Abroad
THE Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds to their mother companies overseas at.
News
‘Our Policies Are Working, $1bn Came Into The Market In Past Few Days’, CBN Gov Tells Senate
THE Governor of the Central Bank, Yemi Cardoso says the measures taken so far by the apex bank to stabilize foreign exchange rates.
News
CBN Releases $500m To Clear Confirmed Forex Backlog
THE Central Bank of Nigeria says it has released $500m to various sectors in its determination to address the backlog of confirmed foreign.
Business
Forex: Dangote Repatriates $687,977m From Pan-African Operations
MANAGEMENT of Dangote Industries Limited (DIL), have revealed that the company has so far repatriated over USD576,008,672.41 through various banks in Nigeria, in.
Education
Nigerians Spend $340.84m Forex On Foreign Education In Six Months – CBN
NIGERIANS seeking admissions to foreign universities spent $340.84m to fund their application between January and June 2023, findings by this newspaper have shown..
News
We Will Clear All Forex Backlog, Tinubu Assures Investors
AS the naira continues its free fall at the parallel market, President Bola Tinubu has vowed to clear foreign exchange contracts backlog discouraging.
News
Why Buhari Could Not Remove Fuel Subsidy, Make Forex Unification – Garba Shehu
GARBA Shehu, a former spokesperson for ex-President Muhammadu Buhari has explained that the former Nigerian leader put petrol subsidy removal and the unification.