Trending Naija Newsexchange rate stability Archives

CBN Extends $25,000 Weekly Forex Sales to BDCs Amid Declining FX Reserves

February 4, 2025 by Ferdinand Miracle

The Central Bank of Nigeria (CBN) has granted an extension to Bureau de Change (BDC) operators, allowing them to continue purchasing foreign exchange from the Nigerian Foreign Exchange Market (NFEM) until May 30, 2025. This extension was confirmed through a circular issued by the CBN’s Trade and Exchange Department on Monday, maintaining the same conditions … Read more

Stable Exchange Rate and Fiscal Transparency Boost Nigeria’s Global Investment Appeal – Wale Edun

January 22, 2025 by David Todi

Nigeria is positioning itself as a leading destination for global investments, leveraging a stable exchange rate and improved fiscal transparency to attract investors. Minister of Finance and Coordinating Minister for the Economy, Wale Edun, made this assertion during a recent forum, emphasizing that these measures are reshaping Nigeria’s economic landscape and restoring confidence in the … Read more