According to the CBN governor, the outstanding forex clearance took far longer than they earlier anticipated. He said, “In addressing foreign exchange liquidity constraint, decisive steps have been ...

The Central Bank of Nigeria (CBN) has adjusted the Nigeria Customs exchange rates for cargo clearance at Nigeria's sea and ...

The Central Bank of Nigeria says it is finalizing the verification process for the remaining $2.4 billion foreign exchange (FX) backlog.

The Central Bank of Nigeria (CBN) has called on deposit money banks and all market participants to embrace the principles of the Nigeria Foreign Exchange (FX) Code wholeheartedly, cautioning that any ...

Central Bank Governor Olayemi Cardoso has said that the year-long fx verification uncovered high level of unethical practices ...

A significant majority of Nigerian households and businesses believe that the current inflation rate is high. This is according to ...

By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, Survey report has shown that high bank charges, poor infrastructure, ...

By Arize Nwobu Central banks are at the heart of the economy and they evolve monetary policies to keep a nation’s currency and economy stable. But it has been observed that central banks are often ...

The FX Code is backed by the CBN Act of 2007 and the Banks and Other Financial Institutions Act (BOFIA) of 2020, which provide a robust legal framework for imposing sanctions on violators. Cardoso ...

Speaking at the event in Abuja, Cardoso said the FX Code would establish clear and enforceable standards for ethical conduct, ...

NECA has commended the Central Bank of Nigeria for the launch of the Nigerian Foreign Exchange (FX) Code, describing it as a ...

GMA Network and ABS-CBN Studios, two of the biggest media and content creation hubs in the Philippines, inked a deal on ...