Nigerian FX Market
Nigeria lacks sufficient reserves to tackle FX demands, backlog in the market, says expert
An economist, Mr. Esili Eigbe, has said Nigeria lacked sufficient reserves to tackle the demands for foreign exchange and the backlog in the...
CBN uncovers $2.4 bln fraudulent FX backlog of $7 bln outstanding FX claims
The Central Bank of Nigeria Governor, Dr. Olayemi Cardoso, has disclosed that $2.4 billion out of the reported $7 billion outstanding foreign exchange...
Just in: CBN pumps $500m into forex market, vows to resolve all backlogs soon
The Central Bank of Nigeria (CBN) says it has pumped an additional $500 million into the volatile foreign exchange market to address persistent...
Breaking: Dangote Cement emerges as first Nigerian company to reach N10trn market cap
The only cement company in Nigeria with two export terminals and a combined export capacity of 8 million tonnes per annum, the Dangote...
CBN clears $2bln outstanding forex liabilities
The Central Bank of Nigeria (CBN) says it has paid approximately $2 billion in its bid to cushion the lingering challenges in the...
Foreign exchange: CBN lifts restrictions on 43 items
The Central Bank of Nigeria (CBN) has announced that Importers of all the 43 items previously restricted in 2015 are now free to...
