4 results
- 6 Dec 2013
Naira Hits N171 Per Dollar as Banks Halt Sale of Forex
The Naira has hit N171 to one United States dollar at the Bureau-de-changes (BDCs), only outlets currently selling to the public besides the parallel market. Banks are currently reluctant to sell…
- 9 Jun 2016
Forex Confusion Persists, Naira Hits N371 to Dollar
A two-week silence from Nigeria’s government and Central Bank of Nigeria (CBN) on further details or even a timescale for naira liberalisation has left international investors and domestic firms…
- 3 Oct 2024
CBN Introduces EFEMS to Enhance Transparency in Forex Market
Central Bank of Nigeria (CBN) has introduced an Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange (FX) transactions within the Nigerian Foreign Exchange Market (NFEM). Yemi…
- 3 Oct 2025
CBN Seizes Control of Fixed Income Market in Bold Transparency Drive
Central Bank of Nigeria (CBN) has announced a phased overhaul of the Nigerian Fixed Income Market aimed at boosting transparency, efficiency, and regulatory oversight. In a memo, Okey Umeano, Acting…