Exclusive articles:
CBN Allows IOCs to Sell Approved FX Dealers 50% of the Earnings from Exports that are Repatriated
International Oil Companies (IOCs) can now sell authorised currency dealers 50% of the remaining revenues from their repatriated exports, according to a recent announcement...
Naira Falls 5.6% With Dollar in May on the Official Exchange Rate
Despite a monthly drop in the dollar index, the value of the Nigerian Naira ended the month lower.
The naira registered a monthly loss of...
CBN Set to Re-issue N1.56 Trillion Maturing NTBs in Q3 2024
In the third quarter of 2024, the Central Bank of Nigeria (CBN) intends to reissue maturing Nigerian Treasury Bills (NTBs) valued at N1.56 trillion.
This...
Naira depreciates more as dollar sales decline by 30.05%
Thursday's continued weakening of the naira on the official foreign exchange (FX) market was caused by a decline in dollar sales by market participants.
According...
US declares new $176 million in humanitarian aid for Nigeria and six other countries
Nigeria and other West African nations will get an additional $176 million in humanitarian relief, according to the US administration.
On Tuesday, May 28, 2024,...
