Foreign Exchange

In its determination to address the backlog of verified foreign exchange transactions, the Central Bank of Nigeria (CBN) has released US$500 million to various sectors. This comes barely a week after the Bank paid approximately US $2.0…

A financial expert and CEO of SD & D Capital Management, Gbolade Idakolo, has lauded the CBN's decision to lift the ban on some items from accessing foreign exchange READ ALSO: CBN lifts FX restrictions on 43 items The Items on…

The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the banking sector is committed to expanding foreign exchange supply in the country. Emefiele was speaking at the third edition of the biannual RT200 non-oil export summit…

The Central Bank of Nigeria (CBN) says it will no longer provide foreign exchange (FX) for Bureau de Change (BDCs) operators in the country. Mr Godwin Emefiele, governor of the apex bank, announced this on Tuesday at the end of…