The Central Bank of Nigeria (CBN) has threatened to revoke the licences of banks and other foreign exchange traders, ...

The Central Bank of Nigeria (CBN) has introduced new regulations limiting Bureau de Change (BDC) operators and Authorised ...

The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to purchasing ...

To ensure the proper functioning of domestic and foreign currency markets, clear, transparent, and harmonised rules governing ...

Nigeria's foreign exchange reserves have declined by $1.19 billion as the Central Bank of Nigeria (CBN) battles to stabilise ...

The Association of Bureau de Change Operators of Nigeria (ABCON) has expressed joy following the deadline extension by the ...

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CBN extends FX sales to BDCs until May 30th to address retail demand, aiming to stabilize the foreign exchange market.

The FX Code, therefore, serves as an official directive that all market participants are expected to observe in their operations. As part of compliance requirements, market participants must conduct a ...

The Nigerian Naira appreciated significantly at the parallel market on Monday, strengthening to N1,590 per US dollar, ...

Recently, the Naira has appreciated to ₦1,640 per dollar in the parallel market, strengthening from ₦1,655 recorded on Monday ...

The Nigerian Naira closed January 2025 at N1,475/$1 at the Nigerian Autonomous Foreign Exchange Market (NAFEM), marking its strongest performance ...