forex

CBN releases $500m to clear verified Forex backlog The Central Bank of Nigeria (CBN) says it has released $500m to various sectors in its determination to address the backlog of verified foreign exchange transactions. Its Acting…

The Managing Director of PET Group of companies, Ms Rehab Danladi, says that tapping the rich divergent Agro produces in Nigeria has the potential to solve the country’s foreign exchange challenges and boost the economy. She said at a…

The Central Bank of Nigeria has ordered the Deposit Money Banks to set up teller points at designated branches to provide forex to Nigerians. It said this in a circular to all banks titled, Re: Teller points at bank branches for the sale…