The Central Bank of Nigeria (CBN) has said external reserves gained $58 million to $30.23 billion as at March 14, 2017. The latest data by CBN disclosed that nation’s foreign reserve has been hovering between $29 billion and $30 billion in March. This is just...

In furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users, the Central Bank of Nigeria (CBN) has licensed more International Money Transfer Operators (IMTOs) to operate in Nigeria. In line with the...

...Limits access to discount window, pegs dollar sales to BDCs at $30,000 weekly ...Extends deadline for BVN registration for diaspora customers In view of the current macro-economic challenges in the country, the Central Bank of Nigeria (CBN) has granted a one-off forbearance to banks this year...