Forex

The Central Bank of Nigeria has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange Matching System, mandating a minimum trade value of $100,000. The directive, dated 25 November 2024 and…

Nigeria’s foreign exchange (forex) reserves crossed a new threshold at the weekend. It rode on the back of a sustained 10-week accretion to $40.08 billion – the highest in nearly three years. Data from the Central Bank of Nigeria…

The Central Bank of Nigeria (CBN) has approved the sale of dollars to bureau de change (BDC) operators at N1,580/$. In a circular signed by W.J Kanya, acting director, trade and exchange department, on Friday, each BDC can get foreign…