THE Central Bank of Nige-ria (CBN) yesterday extended foreign exchange (forex) restriction to importation of maize/corn, making it 44 items affected by its forex restrictions. The CBN had in 2016 restricted 41 items from access to officially sourced forex.

Nigerian Stock market suffered another week of losses on rising coronavirus, COVID-19 cases in the country and the persisting Foreign Exchange, Forex illiquidity in the market.

NIGERIA’S foreign exchange market under the five years of the Muhammadu Buhari Presidency is characterised by two bouts of naira devaluation, each preceded by prolonged period of steady decline in external reserves, triggered by sharp fall in crude oil price, and exit of foreign portfolio investors from the country.

The Central Bank of Nigeria  (CBN) yesterday said it has resumed the sale of foreign exchange (Forex) to commercial banks in view of the gradual easing of Corona Virus Disease (COVID 19)  lock down.

The Petroleum Products Pricing Regulatory Agency (PPPRA), Monday said it is engaging with the Central Bank of Nigeria (CBN) on ways to make foreign exchange accessible to private oil marketing companies seeking to import Premium Motor Spirit (PMS), also known as petrol, and other petroleum products.