CBN Stop Sale of Forex | Processing Ends 15th December 2022

According to various online sources, as at the 26th of October 2022, $1 (One Dollar) equals N760 (Seven Hundred and Sixty Naira). However, the official CBN rate stands at $1 (One Dollar) equates to N435 (Four Hundred and Thirty Five Naira). In February of this year, the apex bank of the country declared a discontinuance… Read More CBN Stop Sale of Forex | Processing Ends 15th December 2022

CBN: Jail Time for People Converting Naira to Dollar – A Political Statement not Policy

For over 7 years Nigerians have experienced various policy update from the Central Bank of Nigeria (CBN). From the banning of forex sale in banks, restriction of travel allowance to a directive regarding an end to sale of forex for academic, travel and medical purposes. This list is not exhaustive. But it does paint in… Read More CBN: Jail Time for People Converting Naira to Dollar – A Political Statement not Policy

Central Bank of Nigeria Online Forex Application Form – Easier Transactions!!!

For over 5 years Nigerians have been put to grief accessing foreign currency for legitimate transactions. There is good news today. A Nigerian anywhere in the world can now make payments on School fees, medical bills, PTA, BTA and similar without needing anyone walk into a Nigerian bank. Its as simple as filling a form… Read More Central Bank of Nigeria Online Forex Application Form – Easier Transactions!!!