The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has yesterday, reiterated the apex bank’s stance of not intervening in the foreign exchange (FX) market, insisting that the regulator remains firm in its commitment to fostering a market-driven exchange rate system. The Governor said this during an interactive session at the ongoing…
The Central Bank of Nigeria (CBN) Monday announced the sale of Foreign Exchange (FX) to Bureau De Change (BDC) operators at N1,101/$1. The CBN stated this in a circular addressed to the operators, adding that the sum of $10,000 would be sold to each BDC at below market rate. The central bank also mandated the…
The Central Bank of Nigeria (CBN) has lifted the restrictions on the importation of milk and dairy products. Recall that on February 11, 2020, the CBN added milk and dairy products to the list of items not eligible for forex. However, in a notice to customers, Zenith Bank said the regulator had provided an update…
