CBN Removes Forex For Fertiliser Importation The Central Bank of Nigeria has included fertiliser on the list of 41 import items classified as ‘not valid for foreign exchange’ in the Nigerian forex market. The CBN disclosed this on Monday in a circular on ‘Inclusion of some...

Forex Market Gets $210m From CBN The Central Bank of Nigeria has sustained its intervention in the Inter-Bank Foreign Exchange Market by injecting 210 million dollars into the various segments of the market. The Director, Corporate Communications, CBN, Mr Isaac Okorafor, on Tuesday in Abuja, said...

Emefiele: Restricting Forex On 41 Imported Items Salvaged Us From Recession   The Central Bank of Nigeria on Wednesday said that its decision to restrict foreign exchange for importation of 41 items and other complementary policies were effective in bringing the country’s economy out of recession. It...

Forex: Authorized Dealers, Others Get $210m Boost   Authorized dealers in the wholesale segment of the inter-bank foreign exchange market received the sum of $100million from the Central Bank of Nigeria (CBN) on Tuesday, October 9, 2018 to meet the needs of customers. The CBN also on...

Forex, Infrastructural Constraints Worsen Nigeria LPG Market Woes The continuous rise in the price of Liquefied Petroleum Gas (LPG), otherwise called cooking gas in Nigeria, may continue for a while if challenges relating to foreign exchange, infrastructure, and planning are not addressed now. More Nigerians may...

Forex Irregularities Scare Marketers Off Kerosene Importation Oil marketers in Nigeria are still reluctant to resume the importation of Dual Purpose Kerosene (DPK), after abandoning the venture for over two years on the grounds of unprofitability. The marketers complained that access to foreign exchange (forex) for...