CBN Stops Sale Of Foreign Exchange To BDC Operators       The Central Bank of Nigeria has said it will no longer sell foreign exchange to Bureau De Change operators. The CBN Governor, Mr Godwin Emefiele on Tuesday announced this at the end of the Monetary Policy Committee...

Travellers To Access $4,000 As CBN Boosts Forex Supplies   Nigerians travelling abroad can access a maximum amount of $4,000 foreign exchange from the banks following the Central Bank of Nigeria’s announcement to increase forex supplies. Sources from some of the banks said those travelling on business...

CBN Disburses N94.34bn COVID-19 Healthcare Funds       The Central Bank of Nigeria has disbursed N94.34bn out of the N100bn credit intervention for the healthcare industry which it introduced as part of its measures to cushion the impact of the coronavirus pandemic on the economy. This CBN disclosed...

Group Unravels CBN, Discos’ Secret Plots To Collapse Nigeria’s Economy     The federal government has been intimated of alleged plots by the Central Bank of Nigeria, (CBN) and Electricity Distribution Companies, (Discos) to collapse the nation’s economy through an ongoing secret moves to cancel Eligible Customer,...

External Reserves Decline By $565m In Two Weeks       The country’s external reserves dipped by $565m from $36.198bn as of February 1, to $35.633bn as of February 15, latest figures from the Central Bank of Nigeria revealed on Wednesday. The reserves which had gained in recent weeks...

CBN Cancels Commodity Exchange Privatisation, Invests N50bn         In the next 90 days, the Nigerian Commodity Exchange (NCX) will be repositioned to boost production of farmers. This will give farmers direct access directly to the buyers at the exchange as it eliminates arbitrage currently being enjoyed...