Central Bank of Nigeria (CBN) has warned that it will impose severe penalties on banks failing to address the ongoing cash scarcity at automated teller machines...
International Monetary Fund (IMF) has reported that Nigeria’s local currency, the naira, is beginning to show signs of stability, largely due to recent interest rate hikes...
Naira on Wednesday hit a record low of N1,043.09 per dollar, following strong demand for the greenback amid dollar shortage at the official foreign exchange (FX)...
Mr Yemi Cardoso, Governor of Central Bank of Nigeria CBN, has stated that the apex bank will soon introduce a new set of foreign exchange laws...
By Lukman Otunuga, Senior Research Analyst at FXTM, The combination of mounting geopolitical risk and Fed rate expectations rocked global financial markets last week. Volatility is...
Central Bank of Nigeria (CBN) has finally lifted the foreign exchange restrictions it placed on the importation of 43 items eight years ago. In a statement...
