May 5, 2025

Business and Economy

Naira Recovers Slightly as CBN Fights Costly N13.9tn Currency Blow

Naira Recovers Slightly as CBN Fights Costly N13.9tn Currency Blow Naira showed faint signs of strength on Monday, closing at N1,605 per dollar after days of turbulence that…

June 24, 2024

Business and Economy

CBN Ceases Forex Sales to BDC Operators Amid Naira’s Decline

The Central Bank of Nigeria (CBN) has ceased foreign exchange (forex) sales to Bureau de Change (BDC) operators as part of new reforms aimed at stabilizing the FX market and…

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