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Kenya Airways resumes daily flight to Nigeria
The acting Kenya High Commissioner to Nigeria, Samuel Mogere, said that Kenya Airways will begin daily flights to…
Naira falls at parallel market, strengthens at official window
Oluwakemi Abimbola & Damilola Aina
The naira rose at the official window on Monday after Central Bank of…
Amid worsening forex crisis, Bureau de Change operators shut down offices in Abuja
Amid Nigeria's foreign exchange crisis, Bureau de Change operators have announced the indefinite closure of their…
Sell excess dollars within 24 hours – CBN orders banks
The Central Bank of Nigeria has ordered Deposit Money Banks to liquidate any surplus dollar stock by February 1,…
BREAKING: Femi Otedola named as First Bank Holdings Board Chairman
The First Bank of Nigeria (FBN) Holdings has named billionaire Femi Otedola as the new chairman of its board of…
Foreign airlines lauds CBN on FX clearance
Foreign airlines operating in the country have praised the Central Bank of Nigeria (CBN) for clearing the backlog…
BREAKING: CBN clears all airlines’ foreign exchange debts
The Central Bank of Nigeria (CBN) has declared the full payment of foreign exchange (FX) due to all foreign…
Naira crashes to all-time low on official market, exchanges 1348/$
On Monday, the naira hit an all-time low of N1348.63 per dollar on the Nigerian Autonomous Foreign Exchange Market.…
Dangote refinery plans importation of crude oil from United States
The Dangote refinery plans to purchase crude from the United States in the next months, indicating that American…
CBN injest $500 million to clear more verified FX liability backlog
The Central Bank of Nigeria (CBN) has released US$500 million to various sectors to further address the backlog of…