The Central Bank of Nigeria (CBN) has maintained restrictions on Bureau De Change (BDC) operators’ access to the official foreign exchange market, citing compliance risks and past abuses.
CBN Sells $574m to Boost FX Market Liquidity in August
The Central Bank of Nigeria (CBN) ramped up its dollar sales in August 2025, selling a total of $574 million in a bid to stabilise the foreign exchange (FX) market amid waning inflows from key...
The naira on Monday appreciated in the official foreign exchange (FX) market as the Central Bank of Nigeria (CBN) accounted for the highest dollar inflows of 39.85 percent in the Nigerian Foreign Exchange Market (NFEM).
FX Market: Senate Rejects Bill Seeking Review of Regulations
The Senate has on Thursday rejected a bill seeking to review foreign exchange market regulations in Nigeria.
The piece of legislation sponsored by the Chairman, Senate Committee on Finance, Senator Sani Musa, (APC Niger East), also seeks...
ABCON Reveals Why Naira Regained Strength at FX Market
The Association of Bureau De Change Operators of Nigeria (ABCON), has revealed why the Naira is regaining strength against the dollar.
“The development stems from the ‘double-edged sword dollar liquidity injection and the mopping up of the...
The naira continued to crash on the parallel FX market on Tuesday as it fell to N452 to the dollar, lower than the N445 to the dollar from the previous day as demand for the greenback continued to outweigh supply.
The spot rate of the...
