Tag: Forex

Commercial banks have started cutting personal travel allowance (PTA) and Business Travel Allowance (BTA) by 50 per cent from $4,000 to $2,000, as the...

CBN to stop selling forex to banks by end of 2022 NEWS DIGEST - The Central Bank of Nigeria, CBN, has alerted the Deposit Money...

No reversal of ban on sales of forex to Bureaux De Change – CBN NEWS DIGEST - The Central Bank of Nigeria says it will...

CBN directs banks to publish names of Forex ban defaulters NEWS DIGEST - The Central Bank of Nigeria has directed all commercial banks to publish...

CBN warns micro-finance banks against FOREX transactions NEWS DIGEST - The Central Bank of Nigeria (CBN) has cautioned microfinance banks in the country to stop...

The Financial Derivatives Company Limited has described the documentation process required by banks for the sale of foreign exchange as cumbersome, saying this will...

Nigeria’s external reserves lost $2 billion in the first half of 2021, H1’21, declining 0.5 percent to $33.37 billion from $35.37 billion recorded on...

  The Association of Bureau De Change Operators of Nigeria (ABCON), have suggested that a strong collaboration between the Central Bank of Nigeria (CBN) and...

  The first Bitcoin ATM Machine has been installed in Lagos, and it is trending all over Twitter. The hashtag #FirstBitcoinATMIn9ja is trending, and has...

  The Association of Bureau De Change Operators of Nigeria (ABCON), has alerted that the country is in a foreign exchange crisis. ABCON president, Mr. Aminu...