Tag Archives: Foreign Exchange

Buhari Says Food, Fertilizer Importers Should Not Be Given Central Banks’ Forex

President Muhammadu Buhari has reiterated that his administration will not allow people importing food or fertilizer into the country to be given foreign exchange from the Central Bank. Since his re-election, the President has been very keen on reviving the agriculture sector in order to meet local food demand; and diversify an economy that has been…

Read more

CBN Source Reacts To PDP’s Tweets On Forex Sales To Garba Shehu & Aisha Buhari

  Following the allegations leveled against the Senior Special Adviser to President Muhammadu Buhari on Media & Publicity, Garba Shehu and wife of the President, Aisha Buhari by the People’s Democratic Party over getting Forex from Central Bank of Nigeria (Read here if you missed), the apex bank has stated that it does not sell foreign exchange to individuals or groups…

Read more

CBN Lifts Ban On Foreign Exchange Deposits, Stops Sale Of Forex To Bureaux De Change

 Mr. Godwin Emefiele  The Central Bank of Nigeria (CBN) has lifted the ban on foreign currency deposits into domiciliary accounts. CBN Governor, Mr. Godwin Emefiele in a press conference yesterday, confirmed that customers can now pay foreign currencies in cash into their bank accounts. The CBN also formally announced that it has stopped the sale of…

Read more