The Central Bank of Nigeria on Thursday said it would on Friday release the sum of $100m to authorised dealers to meet the requests of genuine customers in the interbank segment of the foreign exchange market. The release of the forex, according to the apex...

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...

As more customers of banks and other business people overcome the earlier difficulties in obtaining forex for their transactions, and in a bid to sustain the tempo of foreign exchange supply to the interbank FOREX market and ensure liquidity, the Central Bank of Nigeria...

Forex: In continuation of its resolve to ease the challenge of access to foreign exchange, the Central Bank of Nigeria (CBN) has further injected another sum of $100m into the interbank foreign exchange market, while Operators of Bureau de Change Outlets (BDCs) are complaining...

Foreign exchange (forex) speculators have lost over N100 million in the last three days after the Central Bank of Nigeria (CBN) injected fresh dollars into the interbank market. Many of them panicked as news about the CBN’s intervention hit the market. This was in continuation...

FOREX: CBN Gives Dealers Marching Order As part of its efforts to end the frustrations suffered by genuine FOREX customers, the Central Bank of Nigeria (CBN) has directed banks to henceforth ensure that all applications for Basic/Personal Travel Allowance (BTA/PTA) are processed within 24 hours,...