The Central Bank of Nigeria (CBN) announced the immediate suspension of approvals for extensions on the repatriation of export proceeds, marking a significant step to enforce compliance with the ...

The bank said it would no longer approve any such requests from authorised dealers acting on behalf of their customers.

Finance Minister Wale Edun, on Thursday, sought a closed-door session to explain subsidy savings and debt servicing amid Senate scrutiny.

The naira traded flat in the official electronic foreign exchange market (EFEMS) on Thursday, January 9, 2024, and ...

The Nigeria Police Force (NPF) has identified and detained the police officer in a viral video of Wahab and Raheem Okoya, the sons ...

The Nigerian Federal Government has reaffirmed its stance against using foreign mercenaries to tackle the nation’s security challenges ...

The Central Bank of Nigeria (CBN) has suspended the extension of export proceeds by banks on behalf of exporters.

The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation. This is a move aimed at enforcing compliance with existing foreign exchange (forex) ...

UNSTABLE grid, interest rate hikes from the Central Bank of Nigeria (CBN), electricity and telecom tariff hikes are some of ...

The Central Bank of Nigeria (CBN) has announced the immediate suspension of approvals for extensions on export proceeds ...