Court Freezes Bank Accounts Of Forex Trading Platforms     The Federal High Court Abuja has frozen the bank accounts of some investment and trading platforms that Nigerians have been using to transact online. Justice Ahmed Mohammed made the order on Tuesday while delivering his ruling in an...

Naira Exchanges For 509/$1 At Parallel Market       The naira held steady against the dollar at the parallel market on Monday at N509. The naira held steady against the greenback at the parallel market from the 509/$1 at which it closed on Friday. On the Investors and Exporters’...

Reps Panel Seeks Forex Availability For Airlines       The Chairman, House of Representatives Committee on Aviation, Nnolim Nnaji, has urged the Central Bank of Nigeria to make foreign exchange accessible to airlines. Nnaji, while addressing aviation correspondents on the sidelines of a conference in Lagos, said making...

$23bn Diaspora Remittances Raise Income Line For Households       In recent time, there have been moves to increase the volume and value of dollars remitted into the economy by Nigerians living abroad. More dollar inflows have significantly improved income of many beneficiaries who rely on their families...

Naira Further Slumps To 523/$ At Parallel Market       The naira slumped further to 523/$ at the parallel market on Wednesday, a day after the Central Bank of Nigeria stopped the allocation of foreign exchange to Bureau de Change operators in the country. The naira, which exchanged...

Naira Slides To 505/$ As CBN Stops Forex Sale To BDCs     The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators in...