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New FOREX Policy: Banks To Publish Names Of Defaulters

The identities of defaulters who circumvent the Central Bank of Nigeria’s policy on Foreign Exchange will be made public, according to a new circular...

Banking

CBN Clamps Down On 86 Bank Accounts Over Fraudulent FOREX

The Central Bank of Nigeria (CBN) has gotten permission from the Federal High Court in Abuja to freeze 86 accounts of some companies and...

Business

Forex Turnover Depreciates By 63 Percent As Naira Falls Further At I&E Window

Following low Foreign Exchange, Forex inflow due to low oil prices triggered by the coronavirus pandemic, Forex turnover dropped by 63.7% while the exchange...

Banking

As Oil Price Crashes, Emefiele Douses Anxiety, Says N380 Forex Rate Not Devaluation

By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Central Bank of Nigeria Governor, Mr Godwin Emefiele on Saturday, clarified that the recent...

Banking

FOREX LIQUIDITY: CBN Injects Fresh $210 Million

By 'Dotun Akintomide The apex bank Wednesday said it had injected $210 million sustain liquidity in the forex market. According to the Acting Director, Corporate Communications...

Banking

Naira Firms Up As CBN Injects $418m Into Forex Market

The exchange rate at the parallel market remained stable at N367 to the dollar yesterday, as the Central Bank of Nigeria (CBN) again injected...

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