CBN denies selling FX to BDCs at N1,001/$1
The Central Bank of Nigeria (CBN) has described as false, reports that it is selling foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1.
Breaking: Again, CBN raises Customs duty rate to N1,605.82 per dollar
The rate, which has already been reflected on the Customs portal today, February 21st, 2024, has further dampened the hope of the despondent customs brokers and their importers that the Apex bank has finally eased its foot on the pedal.
Inflation: CBN increases Price Verification System limit from 2.5% to 15%,
The Central Bank of Nigeria (CBN) has announced an upward review of the Price Verification System (PVS) from 2.5 per cent to 15 per cent.
Tinubu writes Senate, seeks confirmation of 5 directors of CBN board
President Bola Tinubu has written the Senate, seeking the screening and subsequent confirmation of five persons appointed as directors of the board of the Central Bank of Nigeria (CBN).
CBN optimistic about impact of reforms in FX market
The Central Bank of Nigeria (CBN) has expressed optimism that the reforms it has implemented in the foreign exchange market will stabilise the market and improve the value of the Naira.
Reduce your appetite for dollar, foreign goods – CBN governor to Nigerians
The Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on Nigerians to moderate the demand for dollars, consumption, and usage of foreign goods, just as he warned that as a country, we must address the supply side of forex as it has kept the nation’s economy in a narrow bucket.
