Forex Regulations Archives

CBN maintains forex restrictions on BDCs over compliance concerns

The Central Bank of Nigeria has maintained restrictions on Bureau De Change operators’ access to the official foreign exchange market, citing concerns over control and past abuses. This is based on insights from forex traders and market operators who spoke to Nairametrics. The development highlights the apex bank’s continued preference for bank-led FX distribution amid […]

aadelekepdnlimited-com
28th April 2026
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Finance

Forex traders blame fiscal indiscipline for naira instability

Forex traders have linked the worsening volatility of the naira at the parallel market to what they describe as fiscal indiscipline and overlapping budget cycles by the Federal Government, raising fresh concerns about liquidity pressures and confidence in Nigeria’s foreign exchange market. Insights from currency traders and market operators indicate that weak fiscal discipline continues […]

aadelekepdnlimited-com
22nd April 2026
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featured

New FX rules’ll help Naira regain value, says Oyedele

By Wilson Adekumola Chairman, the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that Federal Government plans to introduce new foreign exchange rules that crackdown on illicit currency trading so that dollar could settle at N650 to N750 before the end of 2023. Oyedele made this disclosure when […]

oamudipepdnlimited-com
31st October 2023
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171 Views

Economy

Subsidy removal, FX unification: We’re on right track – Tinubu

President Bola Tinubu on Tuesday stated that his administration is on the right path in light of its recent economy policies. He stated this while receiving delegates of the Bank of America at the State House. Recall that within a month of the President’s inauguration, Tinubu announced reforms such as fuel […]

oamudipepdnlimited-com
4th July 2023
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161 Views

United Capital endorses CBN's stakeholder partnership

News

CBN ends naira for dollar, issues new forex regulations

The Nigerian Central Bank has announced operational adjustments to the foreign exchange market. The Nigerian Foreign Exchange Market will no longer operate with segmentation, according to a statement from the central bank on Wednesday evening which was signed by its Director of Financial Markets, Angela Sere-Ejembi, and distributed to all authorized dealers and members of the […]

bfatoyepdnlimited-com
14th June 2023
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201 Views

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Tag: Forex Regulations

CBN maintains forex restrictions on BDCs over compliance concerns

Forex traders blame fiscal indiscipline for naira instability

New FX rules’ll help Naira regain value, says Oyedele

Subsidy removal, FX unification: We’re on right track – Tinubu

CBN ends naira for dollar, issues new forex regulations

Betting affects African families’ spending on food, others.

Turkish Airlines plane evacuated as landing gear catches.

PEBEC to clean up Lagos port corridors May.

MAN urges Lagos to simplify tax structure for.

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