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'Purchase $25k weekly from one bank, render returns' -- CBN issues FX guidelines for BDCs

'Purchase $25k weekly from one bank, render returns' -- CBN issues FX guidelines for BDCs

‘Purchase $25k weekly from one bank, render returns’ — CBN issues FX guidelines for BDCs

February 6, 2025

A dollar and naira note

A dollar and naira note

Business

ICYMI: CBN to launch FX code for authorised dealers on January 28

January 23, 2025

Naira halts rally at parallel market, extends gains at official window

Naira halts rally at parallel market, extends gains at official window

Business

‘It’ll eliminate speculation’ — ABCON hails CBN for approving interbank FX sale to BDCs

byRahmotullah Lawal

December 20, 2024

On the Go

Businessman asks Tinubu, Edun to intervene in unresolved $2.4bn FX forward contracts

November 11, 2024

FX amnesty scheme: Banks can trade with deposited foreign currencies, says CBN

FX amnesty scheme: Banks can trade with deposited foreign currencies, says CBN

FX amnesty scheme: Banks can trade with deposited foreign currencies, says CBN

November 7, 2024

IMF applauds Nigeria’s economic reforms, says they'll unlock investments, growth

IMF applauds Nigeria’s economic reforms, says they'll unlock investments, growth

We stand by our advice to Nigerian government on subsidy removal, says IMF

October 30, 2024

Nigeria records 5,543MW electricity generation — highest in 2025

Nigeria records 5,543MW electricity generation — highest in 2025

CBN verifying $2.4bn FX claims, NERC public hearing… business stories to track this week

October 21, 2024

JUST IN: CBN extends timeframe for BDCs to buy $25,000 weekly from banks

JUST IN: CBN extends timeframe for BDCs to buy $25,000 weekly from banks

Cardoso: Nigeria’s foreign reserves rose to $39bn in October

October 15, 2024

Nigeria’s FX reserves fell by $434m in one week

Nigeria’s FX reserves fell by $434m in one week

Business

Keyamo: CBN working to ensure local airlines have access to enough FX

October 9, 2024

Yuletide: CBN permits BDCs to buy $25,000 weekly from banks to meet demands

Yuletide: CBN permits BDCs to buy $25,000 weekly from banks to meet demands

CBN introduces electronic FX matching system to curb speculation

byBunmi Aduloju

October 3, 2024

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