CBN Imposes New Guidelines On BDCs For Forex Purchases
The Central Bank of Nigeria (CBN) has issued new regulations limiting Bureau de Change (BDC) operators to purchasing up to ...
Thursday, March 6, 2025
Tag: Forex
CBN’s Electronic Forex Matching System Kicks Off To Reform Market
As Nigeria is grapples with a severe foreign exchange crisis, fueled by declining dollar availability, speculative trading, and market distortions. ...
World Bank Urges CBN To Stop Ad-Hoc Forex Auctions
The World Bank has advised the Central Bank of Nigeria (CBN) to halt its practice of intervening in the foreign ...
‘Forex Crisis Threatens Multi-million Dollar Data Centre Investments’
Data centre operators in Nigeria are facing severe challenges due to a prolonged forex crisis, jeopardizing substantial investments made in ...
Dollar-denominated Bond: Option As FG Moves To Boost Forex Liquidity
As the inflation occasioned by weak naira inflation, a wide dollar gap and high energy cost impacts on Nigeria’s economy ...
CBN Reintroduces RDAS To Tackle Forex Market Volatility
In an effort to manage ongoing liquidity pressures in the foreign exchange (FX) market, the Central Bank of Nigeria (CBN) ...
Boosting FOREX Liquidity With New IMTO Measures
The Central Bank of Nigeria (CBN) last week announced significant measures to enhance foreign exchange (forex) liquidity by enabling eligible ...
Forex: Assessing Policies That Disadvantaged Naira
The value of naira has witnessed downward trend in the recent years. How this trend would be curtailed has been ...
Naira Surges By 7.62% Against Pound On Black Market
In a surprising turn of events, the Nigerian naira witnessed a remarkable appreciation, reaching a peak of N2100 per Great ...
CBN Weighs Crackdown On BDC Street Trading, Limits Forex Purchases
The Central Bank of Nigeria (CBN) is mulling over a stringent crackdown on Bureau De Change (BDC) street trading and ...
