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Woman, 26, arraigned for alleged forex fraud

A 26 -year-old businesswoman, Oluwaseun Afolabi, who allegedly obtained three million naira on the pretext of forex trading, on Wednesday…

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CBN increases forex allocation to banks, assures liquidity for invisibles

The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to…

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Forex restriction: Nigeria spends $6.1bn yearly on wheat importation – WFAN Wheat

The Wheat Farmers Association of Nigeria (WFAN) says about $6.1 billion is spent yearly to import wheat into Nigeria. The…

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Forex, border control reasons prices of ‘Tokumbo’ cars soar

The prices of fairly used cars known as ‘Tokumbo’ have skyrocketed due to tight border control and soaring exchange rates.…

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