Tag: Forex

CBN Bars 9 Banks From Forex Transactions

The Central Bank of Nigeria (CBN) has banned nine deposit money banks…

Farouk Mohammed

CBN to Punish Banks for Illegal Forex Transactions

Banks were yesterday hit with allegations of round tripping. Acting Director, Trade…

Farouk Mohammed

CBN Directs BDCs Not to Sell Forex Above 2% Margin of Buying Rate

The Central Bank of Nigeria (CBN) on Tuesday directed Bureau De Change…

Farouk Mohammed

CBN Directs Banks To Sell Forex To BDCs Operators

The Central Bank of Nigeria (CBN) has directed agent banks to approved…

Farouk Mohammed

PPPRA Okays Forex Rate of N298/$ for Fuel Imports

The Petroleum Products Pricing Regulatory Agency, PPPRA, has given oil marketers the…

Farouk Mohammed

CBN Debunks Restriction of Forex to Airlines

The claim by airlines that scarcity of foreign exchange has made their…

Farouk Mohammed

VIDEO: “My Children Study Abroad Because I Can Afford It” – President Buhari On Forex Crisis

President Muhammad Buhari has said that the forex crisis in the country…

Farouk Mohammed

CBN Policy On Forex To Revive Domestic Industries – Godwin Emefiele

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said the new…

Farouk Mohammed