April 5, 2025

Business and Economy

CBN Takes Bold Step, Sells $197.71m to Tackle FX Liquidity Crisis

CBN Takes Bold Step, Sells $197.71m to Tackle FX Liquidity Crisis In a decisive move to calm Nigeria’s volatile foreign exchange market, the Central Bank of Nigeria (CBN) has injected…

June 26, 2024

Business and Economy

CBN Restores IMTOs to Foreign Exchange Market

The Central Bank of Nigeria (CBN) has announced a new policy allowing International Money Transfer Operators (IMTOs) to sell foreign exchange directly on the Nigerian Autonomous Foreign Exchange Market (NAFEM),…

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