Tag: FOREIGN EXCHANGE
Foreign Exchange: CBN Bans Currency Collateral For Naira Loans.
The Central Bank of Nigeria (CBN) has prohibited the use of foreign currency as collateral for Naira loans. This directive contained in a circular by Dr. Acting...
Foreign Exchange: Naira Depreciates Further To N614/$ At Parallel Market
The Nigerian naira has dropped to N614 against the dollar at the parallel section of the foreign exchange market.The figure signifies a depreciation of...
Made-In-Nigeria Goods: NEPC Eyes Ivorian Market To Boost Foreign Exchange Earnings
The Nigerian Export Promotion Council, NEPC, is targeting Cote D’Ivoire to expand the country’s non-oil exports and boost foreign exchange earnings.To actualise this, the...
Foreign Exchange: Nigerians Spend $39.66bn On Foreign Education, Medical Tourism –...
Nigerians spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data.According...
Foreign Exchange: Buhari Receives Manufacturers, Promises Access To Forex
President Muhammadu Buhari has assured manufacturers in the country that the federal government would take appropriate measures to improve access to foreign exchange for...
