Home / Tag Archives: foreign exchange (forex)

Tag Archives: foreign exchange (forex)

If up to $9bn interventions since February can’t converge rates, then…

CBN Godwin-Emefiele

As the endless wait for all market exchange rates to converge since February this year seems not to be working 10 months after; analysts have started raising issues on the need for the Central Bank of Nigeria (CBN) to change tactics. It would be recalled that the apex bank had came up with the not too popular safety model of ...

Read More »

CBN’s interventions on forex without resource to law—Senate

naira dollar

A strange angle to the sustained injection of foreign exchange (forex) into the crisis ridden dollar market has emerged at the Nigerian Senate. This is coming on the heels of a bill sponsored by Senator Rose Oko from Cross River State which will among others, restrain the Central Bank of Nigeria’s (CBN) from random disbursement of intervention fund which now ...

Read More »

QoS: Telecoms equipments still missing in new CBN’s list of 36 unbanned items for forex


Chances of improvements in the Quality of Service (QoS) by telecoms operators was further dimmed yesterday as the new list of items, for which importers can source foreign exchange (forex) failed to contain telecoms and IT related materials. The Central Bank of Nigeria (CBN) on Thursday published a list of items, for which importers can source foreign exchange (Forex) from ...

Read More »