FX Exporters To Receive Bonuses - CBN Exporters who made their foreign exchange proceeds available will from next week get their bonus from the Central Bank of Nigeria (CBN). CBN in a circular had promised to pay N65 bonus for every $1 of repatriated non-oil export...

24hrs To APC Convention, Dollar Scarcity Hits Harder   Barely 24hrs to APC convention in Abuja, the lingering foreign exchange scarcity in the country has continued to hit harder even as the exchange rate on the parallel market is inching towards N590/$1. Things may worsen even...

To Raise $200 BN For Non-oil Exporters; CBN Unveils Plan The Central Bank of Nigeria has unveiled plans where exporters can benefit N65 for every dollar of Non-Oil export proceed sold from its RT200 FX Programme which aims to raise $200 billion in Foreign Exchange...

CBN to Stop Sale of Forex to Banks as Naira Falls Against Dollar ECONOMIC CONFIDENTIAL- Naira fell massively at the black market on Thursday after traders learned that the Central Bank of Nigeria (CBN) was planning to halt dollar sales to commercial banks. Although CBN said...

Fed Govt Pledges Increased Forex Sale To Manufacturers   The Federal Government through the Minister of Industry, Trade and Investment, Niyi Adebayo, has assured manufacturers of its support to enable them to get good returns on their investments. The minister, who gave the assurance while playing host...

CBN May Increase Interest Rate This Year - Report   A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global central banks to manage foreign exchange reserve...