Okonkwo knocks CBN, says forex management unsuccessful without economic stability
Labour Party (LP) chieftain, Kenneth Okonkwo, has criticised the Central Bank of Nigeria (CBN) over the management of the foreign…
Nigeria recorded over $1.5bn FX inflow in March, says CBN
The Central Bank of Nigeria (CBN) says the economy recorded over $1.5 billion in foreign exchange (FX) inflow in March,…
Reps demand 2024 budget review over forex crisis
The House of Representatives has called for a review of the 2024 budget projections owing to the free fall of…
CBN hikes BDC license fees to N2bn
The Central Bank of Nigeria (CBN) has introduced a fresh set of guidelines to keep Bureau De Change (BDCs) in…
NEC sets up committees on crude oil theft, forex, others
Abuja—The National Economic Council, chaired by Vice President Kashim Shettima, on Thursday, set up committees on Economic Affairs and Crude…
Discontinuation of spirits’ import will reduce forex demand—Guinness Nigeria
Lagos—Guinness Nigeria Plc has said that with its discontinuation of the importation of spirits from the multinational alcoholic beverage company,…
CBN grants banks freedom to trade forex at any rate
Abuja—The Central Bank of Nigeria (CBN) has authorised commercial banks to freely trade foreign exchange at any rate. The authorisation…
Non-remittance of dollars to foreign reserve by NNPC behind free fall of Naira, says CBN
Abuja—Non-remittance of dollars to foreign reserves by the Nigerian National Petroleum Corporation (NNPC) is responsible for naira’s free fall in…
