CBN Implements Stricter Forex Regulations: Sellers Above $10,000 Must Declare Sources
The Central Bank of Nigeria (CBN) has introduced stringent regulatory measures aimed at promoting transparency and combating malpractices in the ...
Tag: FOREX
CBN Governor Forecasts Drop in Nigeria’s Inflation Rate to 21.4% in 2024
In a recent address to the House of Representatives in Abuja, Olayemi Cardoso, the Governor of the Central Bank of ...
BREAKING: EFCC Operatives Raid Dangote Group’s Lagos Office Over Forex Allocations
Operatives of the Economic and Financial Crimes Commission (EFCC) reportedly conducted a raid on Thursday at the Lagos Head Office ...
Naira Experiences Sharp Decline Against Dollar at Official Market
The Nigerian currency, the naira, experienced a notable depreciation against the dollar at the official market, reaching N1,105/$1 at the ...
Economic Crisis in Nigeria Sparks Multinational Corporations’ Exodus
In a significant development that has sent shockwaves throughout Nigeria's business landscape, British pharmaceutical giant GlaxoSmithKline (GSK) announced on August ...
Human Rights Lawyer Femi Falana Files Lawsuit Against Central Bank of Nigeria Over Naira Floatation
Renowned human rights lawyer, Femi Falana, has initiated legal action against the Central Bank of Nigeria (CBN) in response to ...
NNPC Secures $3 Billion Crude Oil Repayment Loan to Address Forex Crisis
In response to the prevailing forex crisis affecting the oil and gas sector, the Nigerian National Petroleum Company (NNPC) Limited ...
IGP Sues Former Senator Andy Uba and Two Others Over Alleged ₦400 Million Fraud
The Inspector-General of Police (IGP), Kayode Egbetokun, has filed a legal suit against former Senator Andy Uba, who represented Anambra...
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