Banks Tighten Forex Rules for Customers as Shortages Worsen By Chuks Emele Nigerian banks are tightening rules for customers seeking … More
Tag: Nigeria foreign exchange
First, Zenith Banks Cut Dollar Spend on Payment Cards
First, Zenith Banks Cut Dollar Spend on Payment Cards By Sahabi Abdul Two of Nigeria’s top lenders, Zenith Bank and … More
As PTA Applications Go Online, Know the Key Steps
As PTA Applications Go Online, Know the Key Steps By Chuks Emele The Central Bank of Nigeria has decided to … More
Naira Records Biggest Daily Fall in Importers-Exporters Market
By Bashir Olanrewaju Naira Records Biggest Daily Fall in Importers-Exporters Market The naira fell 1.68 percent on Thursday to 422.07 … More
Nigeria Central Bank Holds Rate, Concern Shifts to Naira
By Bashir Olanrewaju Nigeria Central Bank Holds Rate, Concern Shifts to Naira The Central Bank of Nigeria’s Monetary Policy Committee … More
Banks Start Dollar Sale as CBN Tackles Parallel Market
Banks Start Dollar Sale as CBN Tackles Parallel Market By Chuks Emele Nigerian banks are starting direct sale of foreign … More
Nigeria Remittance Flows Declined 27.7% in 2020, World Bank Says
Nigeria Remittance Flows Declined 27.7% in 2020, World Bank Says By Bashir Olanrewaju Remittance flows into Nigeria fell 27.7 percent … More
Court Grants Request to Freeze 193 Accounts Over Alleged Forex Fraud
Court Grants CBN Request to Freeze 193 Accounts Over Alleged Forex Fraud By Sahabi Abdul Nigeria’s federal high Court in … More
Big Brother’s Creeping Fascism as CBN Eyes Dollar Accounts
Big Brother’s Creeping Fascism as CBN Eyes Dollar Accounts By Young Radikum The latest is that Big Brother wants to … More
Nigeria Names PayPal, Etranzact, Interswitch for Money Transfers
By Sahabi Abdul U.S. payments giant PayPal and local counterparts including Interswitch, Etranzact and Flutterwave are among 47 companies authorized … More
CBN Dangles Reward for Remittances, Eyes $34 Billion
By Sahabi Abdul The Central Bank of Nigeria is offering a reward for diaspora remittances made through official channels as … More
CBN Bars Banks From Aiding Crypto-Trading
By Chuks Emele The Central Bank of Nigeria asked financial institutions in the country to desist from dealing in or … More
Markets at a Glance
Thursday, 7 January 2020 EQUITIES • The All-Share Index rose 0.31% to40,590.85 with market capitalization at 21.22 trillion naira. • … More
What’s Naira’s Real Exchange Rate?
By Our Reporters Tuesday, 6 October 2020 The answer to this headline question depends on the respondent. As at today, … More
Markets at a Glance
Wednesday, 30 September 2020 EQUITIES • The All-Share Index gained 0.83% to 26,831.76 with a market capitalization at 14 trillion … More
Weekly Nuggets
Saturday, 12 September 2020 Nigerian Manufacturers Say Unsold Goods at an All-Time High The Manufacturers Association of NIgeria said unsold … More