Foreign Exchange Transactions

September 12, (THEWILL) - The Central Bank of Nigeria (CBN) has moved to stop the deposit money banks from spending the massive gains from the recent forex revaluation which has exceedingly bolstered the treasury and balance sheets of the...

August 31, (THEWILL) - Nigeria’s equities market lost N27.9 billion on Wednesday, after hitting a 15-year high on the previous day’s trading. Market capitalisation dropped to N36.36 trillion from N36.39 trillion on Tuesday. The NGX All-Share Index fell to...

July 24, (THEWILL) - Amid the bounce of a new administration and raft of changes in government policies, total foreign transactions performed by investors at the floor of the Nigerian Exchange Limited (NGX) grew to N145.08 billion in the...

July 13, (THEWILL) - The Naira witnessed an upward momentum on Thursday, gaining 4.7% against the dollar on the I&E window to close at N746.28/$ against N782.49/$ on the previous trading day. Check by THEWILL showed that the parallel market...

The Central Bank of Nigeria on Friday said that the 43 items restricted from accessing Foreign Exchange from the official window remain banned from the Investors and Exporters (I&E) window. This means the restriction of foreign exchange allocation for the...

June 01, (THEWILL) – Nigerian banks have begun implementing a new regulation that requires customers to present a valid Tax Clearance Certificate (TCC) for foreign exchange transactions. The move complies with new regulations by the federal and state...