Naira Archives

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CBN’s Forex Overhaul: Stabilizing the Naira and Remittances

A Strategic Shift to Boost Nigeria’s Economy In a significant push to stabilize the Nigerian economy and secure its financial future, the Central Bank of Nigeria (CBN) has embarked on a comprehensive overhaul of the country’s foreign exchange policies. This…

Faisal Khan
February 11, 2024

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CBN Tightens Grip on Forex and International Transfers: A Strategic Move to Stabilize the Naira

The Central Bank of Nigeria (CBN) has recently implemented stringent measures targeting both banks and fintech companies, aimed at regulating international money transfers and managing the foreign exchange (forex) market more effectively. These initiatives are part of a broader effort…

Faisal Khan
February 4, 2024