What CBN should do with Buhari’s forex directive
AS the Central Bank of Nigeria, CBN, gets set to execute President Muhammadu Buhari’s directive on restriction of foreign exchange for importation of agro-food items, we draw attention to issues that should be of utmost importance in the collective interest of Nigerians.
Improved Forex supply deflates banks’ e-payment income
BANKS’ income from electronic payment (e-payment) businesses fell by 11.6 percent in 2017, prompted by the improved foreign exchange supply for invisibles by the Central Bank of Nigeria (CBN) in 2017.
N1m forex fraud : Man, 37, arraigned in Lagos
For allegedly defrauding a woman of N1.05 million on the pretext of foreign exchange trading, a 37-year-old, Emmanuel Okeke, was on Wednesday brought before an Ebute Meta Chief Magistrates’ Court, Lagos.
CBN orders banks to give travellers FOREX OTC
The Central Bank of Nigeria (CBN ) has authorised all commercial banks to sell foreign exchange to travellers Over The Counter (OTC) whether they operate an account with the bank or not.
Forex: ABCON develops web portal to enhance price discovery
Association of Bureaux De Change Operators of Nigeria (ABCON) said that its live exchange rate engine room, www.naijabdcs.com, was developed to promote transparency and price discovery in the foreign exchange market.
CIBN commends forex policies on SMEs
The Chartered Institute Bankers of Nigeria (CIBN) has commended the Federal Government over the foreign exchange (forex) policy initiated by the Central Bank of Nigeria (CBN) in 2017, noting that it has stimulated the growth of Small and Medium Enterprises (SMEs).
