The implementation of the unified foreign exchange policy has delivered the expected outcomes, as remittances via International Money Transfer Operators reached $4.18 billion.

“Counterfactual estimates suggest that without these decisive policy interventions, inflation could have reached 42.81% by December 2024,” Cardoso stated. He stated that throughout 2024, the CBN ...

The Central Bank of Nigeria has said that without its policy interventions, inflation could have surged to 42.81 per cent by December 2024.

The verification procedure for the remaining $2.4 billion foreign exchange (FX) backlog is being completed, according to the Central Bank of Nigeria (CBN). Payments for legitimate claims are about ...

Operators of Bureau De Change (BDC) businesses in Nigeria have praised the Central Bank of Nigeria (CBN) for waiving their ...

The Nigerian naira has gained strength, reaching N1,510 per US dollar in the foreign exchange market. Experts believe that the ...

The Naira has enjoyed relative stability against the US dollar since Dec. 2024, when the CBN introduced sweeping reforms.

The naira has continued its gains against the US dollar in the official and black market windows, gaining N10 and N11 naira ...

The Central Bank of Nigeria (CBN) has called on deposit money banks and all market participants to embrace the principles of the Nigeria Foreign Exchange (FX) Code wholeheartedly, cautioning that any ...

Data from the FMDQ Security Exchange official forex trading platform revealed that the local currency gained N11.96. This ...

The Nigeria Employers’ Consultative Association (NECA) has urged the Central Bank of Nigeria (CBN) to take a proper assessment ...