•Dollars The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than two years after the suspended former CBN governor, Godwin Emefiele, stopped the sales of foreign exchange to BDC operators in that segment of the [&hellip...
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest today, Thursday February 1, 2024. The CBN, which made the disclosure in a new circular released yesterday, also warned lenders against hoarding excess foreign currencies for...
A coalition of Youth groups in the 19 northern states, Arewa Youth Ambassadors (AYA), called on President Bola Tinubu’s administration not to sell crude oil to Dangote Petroleum Refinery (DPR), in dollars but naira. They also ask President Tinubu to continue working with the private refinery owners, particularly DPR and provide them with crude...