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The Central Bank of Nigeria (CBN) has launched two new financial instruments: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). As stated by the bank,…
In May 2024, the Central Bank of Nigeria (CBN) intervened in the foreign exchange market to increase supply, recording its biggest dollar sales in a single month. The apex bank…
The Central Bank of Nigeria (CBN) has announced that international oil companies (IOCs) are now permitted to sell 50 percent of their repatriated export proceeds in the Nigeria Foreign Exchange…