Travellers To Access $4,000 As CBN Boosts Forex Supplies   Nigerians travelling abroad can access a maximum amount of $4,000 foreign exchange from the banks following the Central Bank of Nigeria’s announcement to increase forex supplies. Sources from some of the banks said those travelling on business...

CBN Increases Forex Allocations To Banks       The Central Bank of Nigeria on Sunday announced an increase in foreign exchange allocations to banks to meet the requests of customers. These requests include travellers seeking foreign exchange for travel allowances, payment of tuition and medical fees, among other...

CBN’s $450m Inflow To BDCs Stabilise Naira       The Central Bank of Nigeria (CBN) has injected over $450 million into the Bureau De Change (BDC) segment of the foreign exchange market to keep the naira stable. The dollar injections, which came after the apex bank resumed dollar...

The Central Bank of Nigeria (CBN) has released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. The Bank, has also offered a total of $150 million to authorized FOREX dealers in the interbank wholesale auction...

The Central Bank of Nigeria has said there is adequate amount of foreign exchange to meet the needs of bank customers seeking to purchase dollars for purpose of Personal Travel Allowance, Business Travel Allowance, and payment of school and medical fees. In a statement on...

Forex: As anticipated last weekend, the Central Bank of Nigeria (CBN) on Tuesday, March 14, 2017, sustained the supply of foreign exchange to the market by concluding arrangement to release the sum of $195 million (One Hundred and Ninety Five Million Dollars) comprising of...