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Forex turnover hits $198.21m as naira drops to N840.53/$1 at the official market

Forex turnover rose by 61.86 per cent to hit $198.21bn as the naira further crashed against the dollar at both…

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Naira gains marginally, exchanges at 420 to dollar

The Naira on Wednesday appreciated at the Investors and Exporters window, exchanging at 420 to the dollar, a 0.18 per…

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CBN to end sale of FOREX to banks

The CBN will stop the sale of foreign exchange to commercial banks before the end of the year, its governor,…

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Agriculture

Emefiele tasks rice millers on forex, employment

Mr Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) has urged rice mills in the country to…

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Technicians decry impact of forex scarcity on spare parts

The Association of Mobile Communication Device Technicians of Nigeria (AMCODET) has expressed concern over scarcity of Foreign Exchange (Forex) which…

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Naira sustains fall at parallel market

The Naira on Thursday dipped further at the parallel market in Lagos against the dollar. It lost N6 from N562…

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CBN orders banks to publish names of FOREX defaulters

The Central Bank of Nigeria has directed all banks to publish the names and Bank Verification Numbers of their customers…

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Forex: Abuja banks comply with CBN directive, sell dollar at N412

In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja…

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Minister inaugurates NAADI N/East Zonal office in Bauchi

The Federal Government has inaugurated the North-East Zonal office of the Nigeria Agric-Bussiness and Agro-Industry Development Initiative (NAADI) in Bauchi…

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EFCC arrests 3 suspects over alleged N3.5 bn online investment fraud

The Economic and Financial Crimes Commission (EFCC), Sokoto Zonal Office, has arrested three suspects over alleged N3.5 billion online investment…

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