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Banking

Forex Crisis: Nigerian Banks Limit Debit Card Spending Abroad

In yet another worrying sign of Nigeria worsening Foreign Exchange crisis, Nigerian customers abroad will have their debit card spending limited by some of...
Business

Foreign Inflow Hits N3.5tr In February – CBN

The Central Bank of Nigeria, CBN in its February monthly report disclosed that the nation’s economy recorded a net foreign exchange inflow of $9.35bn...
Business

FX: Emefiele Warns, Patronizing Black Market Overheats the Market

Amid growing demands for Foreign Exchange occasioned by inadequate supply which has seen importers with outstanding obligations storming the black market for foreign exchange,...
Business

FX Repatriation: CBN Governor, Emefiele Allays Foreign Investors Fears

The Central Bank of Nigeria (CBN) has assured foreign investors that repatriating their funds from the country is secured despite forex related revenue shortages...

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