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CBN moves to stop exporters from non-repatriation of forex

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The Central Bank of Nigeria (CBN) has directed all banks in the country to submit the names, addresses and bank verification numbers (BVN) of...

CBN injects $280.04m, CNY 28.3m to boost retail forex market

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The Central Bank of Nigeria (CBN) has injected $280.04 million into the forex market to boost the Retail Secondary Market Intervention Sales (SMIS). The apex bank also...

CBN boosts inter-bank forex market with $210m

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The Nigerian inter-bank foreign exchange market received another boost of $210 million from the Central Bank of Nigeria (CBN) following transactions concluded on Tuesday. CBN Director in...

CBN boosts retail SMIS with $2698.71m intervention fund

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The Central Bank of Nigeria (CBN) says it has made another intervention in the retail Secondary Market Intervention Sales (SMIS) to the tune of...

Man dupes LASU students of N785,000 in forex deal

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A 35-year-old man, Cletus Iyohah, has been arraigned before a Badagry Magistrates’ Court in Lagos State for allegedly obtaining N785, 000 under false pretence from five students...

Naira exchanges for 361 to a dollar as CBN intervenes with...

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The Naira on Tuesday exchanged at an average of N361/$1 in the BDC segment of the market as the Central Bank of Nigeria (CBN)...

5 simple steps to making profits through online trading

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Step 1: Visit www.binomo.com   Step 2:  Register your email and select your preferred currency of trading  Step 3: Watch the tutorial videos and study training materials Step...

CBN flags off intervention in Chinese Yuan

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The Central Bank of Nigeria (CBN) on Friday flagged off its intervention in the sale of foreign exchange in Chinese Yuan (CNY), signalling the...

41 items still banned under Nigeria-China currency swap deal – CBN

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The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its...

Forex: Inter-bank sector gets $210m from CBN

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In another round of intervention, the Central Bank of Nigeria (CBN) on Tuesday injected the sum of $210million into the inter-bank foreign exchange market...