CBN: Bold FX Reforms and Dollar Liquidity ‎By Zekeri Idakwo Laruba ‎ ‎There was a period in Nigeria when the search for dollars could become a seasonal ritual. As Christmas approached and Nigerians prepared to travel, demand for foreign exchange increased. Parents with children studying abroad worried...

Sanctions Loom For 34 Institutions Over Forex Rule Violations   The Central Bank of Nigeria (CBN) uncovered foreign exchange regulatory breaches by some authorised dealers after conducting a routine examination of 34 institutions, according to its 2025 Annual Report and Statement of Accounts. The review, which covered...

CBN Launches Centralised System to Monitor BDC Transactions   The Central Bank of Nigeria (CBN) has introduced a comprehensive real-time monitoring framework for Bureau De Change operators, unveiling a centralised transaction-tracking platform aimed at strengthening oversight, improving transparency, and enhancing compliance across Nigeria’s foreign exchange market. A...

CBN’s Forex Liquidity Push Strengthens Naira’s Stability   The Central Bank of Nigeria’s recent measures have lifted dollar liquidity in the foreign exchange market, raising hopes of a more stable naira. These reforms, coupled with rising inflows, have provided short-term relief, but sustaining the trend will...

CBN to Take Legal Action Against FX Contract Defaulters Post-Audit   The Central Bank of Nigeria (CBN) has disclosed that it is considering legal actions against the violators of the foreign exchange forward contracts after the completion of a forensic audit of those contracts. CBN indicated this...

Vessel Traffic Increases at Lagos Port Despite Forex Challenges   Despite the fluctuating exchange rate and other operational challenges, vessel activities have recorded a significant surge at Lagos port in the past week. The Nigerian Ports Authority(NPA)'s Daily Shipping Position between March and date showed that since...