Search for an article

Select a plan

Choose a plan from below, subscribe, and get access to our exclusive articles!

Monthly plan

[tds_plans_price curr_txt=”$” price_color=”var(–today-news-white)” horiz_align=”content-horiz-center” f_price_font_family=”394″ f_price_font_weight=”700″ f_price_font_transform=”uppercase” f_price_font_size=”eyJhbGwiOiIzNCIsImxhbmRzY2FwZSI6IjMwIiwicG9ydHJhaXQiOiIyNiIsInBob25lIjoiMjgifQ==” f_price_font_line_height=”1.2″ f_price_font_spacing=”-2″ month_plan=”1″ def_plan=”monthly” tdc_css=”eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjUiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZSI6eyJtYXJnaW4tYm90dG9tIjoiMyIsImRpc3BsYXkiOiIifSwibGFuZHNjYXBlX21heF93aWR0aCI6MTE0MCwibGFuZHNjYXBlX21pbl93aWR0aCI6MTAxOSwicG9ydHJhaXQiOnsibWFyZ2luLWJvdHRvbSI6IjIiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsInBob25lIjp7Im1hcmdpbi1ib3R0b20iOiIzIiwiZGlzcGxheSI6IiJ9LCJwaG9uZV9tYXhfd2lkdGgiOjc2N30=”][tds_plans_description year_plan_desc=”JTJGeWVhcg==” month_plan_desc=”JTJGJTIwbW9udGg=” horiz_align=”content-horiz-center” free_plan_desc=”YmlsbGVkJTIwbW9udGhseQ==” color=”var(–today-news-white-transparent)” f_descr_font_family=”394″ f_descr_font_size=”eyJhbGwiOiIxMiIsImxhbmRzY2FwZSI6IjExIiwicG9ydHJhaXQiOiIxMCIsInBob25lIjoiMTEifQ==” f_descr_font_line_height=”1.3″ tdc_css=”eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjIwIiwiZGlzcGxheSI6IiJ9LCJsYW5kc2NhcGUiOnsibWFyZ2luLWJvdHRvbSI6IjE1IiwiZGlzcGxheSI6IiJ9LCJsYW5kc2NhcGVfbWF4X3dpZHRoIjoxMTQwLCJsYW5kc2NhcGVfbWluX3dpZHRoIjoxMDE5LCJwb3J0cmFpdCI6eyJtYXJnaW4tYm90dG9tIjoiMTIiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsInBob25lIjp7Im1hcmdpbi1ib3R0b20iOiIxNSIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9″][tds_plans_button tdc_css=”eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjAiLCJkaXNwbGF5IjoiIn19″ display=”full” horiz_align=”content-horiz-center” def_plan=”monthly” month_plan=”1″ f_txt_font_family=”394″ f_txt_font_weight=”700″ f_txt_font_transform=”uppercase” f_txt_font_spacing=”-0.5″ f_txt_font_size=”eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEzIiwicG9ydHJhaXQiOiIxMSIsInBob25lIjoiMTIifQ==” f_txt_font_line_height=”1.2″ bg_color=”var(–today-news-white)” text_color=”var(–today-news-dark-bg)” bg_color_h=”var(–today-news-white-transparent)” padd=”eyJhbGwiOiIxM3B4IDE1cHggMTJweCIsImxhbmRzY2FwZSI6IjExcHggMTNweCAxMHB4IiwicG9ydHJhaXQiOiI5cHggMTBweCIsInBob25lIjoiMTFweCAxM3B4IDEwcHgifQ==”]

Yearly plan

[tds_plans_price price_color=”var(–today-news-white)” horiz_align=”content-horiz-center” f_price_font_family=”394″ f_price_font_weight=”700″ f_price_font_transform=”uppercase” f_price_font_size=”eyJhbGwiOiIzNCIsImxhbmRzY2FwZSI6IjMwIiwicG9ydHJhaXQiOiIyNiIsInBob25lIjoiMjgifQ==” f_price_font_line_height=”1.2″ f_price_font_spacing=”-2″ tdc_css=”eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjUiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZSI6eyJtYXJnaW4tYm90dG9tIjoiMyIsImRpc3BsYXkiOiIifSwibGFuZHNjYXBlX21heF93aWR0aCI6MTE0MCwibGFuZHNjYXBlX21pbl93aWR0aCI6MTAxOSwicG9ydHJhaXQiOnsibWFyZ2luLWJvdHRvbSI6IjIiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsInBob25lIjp7Im1hcmdpbi1ib3R0b20iOiIzIiwiZGlzcGxheSI6IiJ9LCJwaG9uZV9tYXhfd2lkdGgiOjc2N30=” year_plan=”2″ month_plan=”” def_plan=”annual” curr_txt=”$”][tds_plans_description year_plan_desc=”JTJGeWVhcg==” month_plan_desc=”JTJGJTIwbW9udGg=” horiz_align=”content-horiz-center” free_plan_desc=”YmlsbGVkJTIweWVhcmx5″ color=”var(–today-news-white-transparent)” f_descr_font_family=”394″ f_descr_font_size=”eyJhbGwiOiIxMiIsImxhbmRzY2FwZSI6IjExIiwicG9ydHJhaXQiOiIxMCIsInBob25lIjoiMTEifQ==” f_descr_font_line_height=”1.3″ tdc_css=”eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjIwIiwiZGlzcGxheSI6IiJ9LCJsYW5kc2NhcGUiOnsibWFyZ2luLWJvdHRvbSI6IjE1IiwiZGlzcGxheSI6IiJ9LCJsYW5kc2NhcGVfbWF4X3dpZHRoIjoxMTQwLCJsYW5kc2NhcGVfbWluX3dpZHRoIjoxMDE5LCJwb3J0cmFpdCI6eyJtYXJnaW4tYm90dG9tIjoiMTIiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsInBob25lIjp7Im1hcmdpbi1ib3R0b20iOiIxNSIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9″][tds_plans_button tdc_css=”eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjAiLCJkaXNwbGF5IjoiIn19″ display=”full” horiz_align=”content-horiz-center” def_plan=”annual” month_plan=”” f_txt_font_family=”394″ f_txt_font_weight=”700″ f_txt_font_transform=”uppercase” f_txt_font_spacing=”-0.5″ f_txt_font_size=”eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEzIiwicG9ydHJhaXQiOiIxMSIsInBob25lIjoiMTIifQ==” f_txt_font_line_height=”1.2″ bg_color=”var(–today-news-white)” text_color=”var(–today-news-dark-bg)” bg_color_h=”var(–today-news-white-transparent)” padd=”eyJhbGwiOiIxM3B4IDE1cHggMTJweCIsImxhbmRzY2FwZSI6IjExcHggMTNweCAxMHB4IiwicG9ydHJhaXQiOiI5cHggMTBweCIsInBob25lIjoiMTFweCAxM3B4IDEwcHgifQ==” year_plan=”2″]

All plans include

  • Donec sagittis elementum
  • Cras tempor massa
  • Mauris eget nulla ut
  • Maecenas nec mollis
  • Donec feugiat rhoncus
  • Sed tristique laoreet
  • Fusce luctus quis urna
  • In eu nulla vehicula
  • Duis eu luctus metus
  • Maecenas consectetur
  • Vivamus mauris purus
  • Aenean neque ipsum
HomeLatest NewsCBN Announces Forex Market Intervention, Reverses Ban on 43 Items

CBN Announces Forex Market Intervention, Reverses Ban on 43 Items

Published on

By Becky Usman

………CBN Reaffirms Pledge to Enhance Forex Market Liquidity

In a recent development, the Central Bank of Nigeria (CBN) has disclosed its commitment to fostering a well-structured and professionally conducted Nigerian Foreign Exchange Market. The objective is to allow exchange rates to be determined by market dynamics based on the Willing Buyer-Willing Seller principle.

Furthermore, the CBN emphasizes the importance of referencing prevailing Foreign Exchange (FX) rates from authoritative platforms, including the CBN website, FMDCQ, and other officially recognized or designated trading systems. This initiative aims to bolster price discovery, transparency, and the credibility of FX rates.

As part of its mandate to ensure price stability, the CBN will infuse liquidity into the Nigerian Foreign Exchange Market through periodic interventions. These interventions are expected to diminish gradually as market liquidity improves.

A notable update is that importers of all 43 items that were previously restricted by the 2015 Circular (referenced as TED/FEMFPC/GEN/O1/010 and its addendums) are now permitted to acquire foreign exchange in the Nigerian Foreign Exchange Market.

The CBN has affirmed its commitment to expediting efforts to clear the existing FX backlog with current market participants and will maintain an ongoing dialogue with stakeholders to address this matter. As part of its agenda, the CBN is actively consulting with market participants to work toward the realization of a unified FX market.

All market participants and the general public are urged to follow the guidance provided above.

Latest articles

Aviation stakeholders worry as Nigeria misses $1.3bn SAATM window 

Nigerian aviation industry is currently facing a significant challenge as the country misses out...

Food inflation: Pot of jollof rice costs N27,528, 153% in two years 

Preparing a pot of jollof rice has gone beyond the reach of most Nigerians...

FG to complete 3,112-unit Karsana housing project in August – Minister

  The Federal Government has said the 3,112-unit Karsana housing project in Abuja is scheduled...

Picking VP from North-West, too risky for Tinubu –Baba-Ahmed

Former Political Adviser to President Bola Tinubu, Hakeem Baba-Ahmed, on Wednesday said it’s too...

More like this

Aviation stakeholders worry as Nigeria misses $1.3bn SAATM window 

Nigerian aviation industry is currently facing a significant challenge as the country misses out...

Food inflation: Pot of jollof rice costs N27,528, 153% in two years 

Preparing a pot of jollof rice has gone beyond the reach of most Nigerians...

FG to complete 3,112-unit Karsana housing project in August – Minister

  The Federal Government has said the 3,112-unit Karsana housing project in Abuja is scheduled...