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

Foreign Exchange Rates by Country Central Banks – 22:00 GMT 9th September 2022

Central Banks control official reporting of exchange rates. There are policies which enable citizens benefit from the best rates possible compared to other sources of forex. People need a working understanding of the dynamic applications of forex. There is a story of retirees from Poland who were paying their mortgage in foreign currency and the… Read More Foreign Exchange Rates by Country Central Banks – 22:00 GMT 9th September 2022

Foreign Exchange Rates by Country Central Banks – 19:05 GMT 7th August 2022

Central Banks control official reporting of exchange rates. There are policies which enable citizens benefit from the best rates possible compared to other sources of forex. People need a working understanding of the dynamic applications of forex. There is a story of retirees from Poland who were paying their mortgage in foreign currency and the… Read More Foreign Exchange Rates by Country Central Banks – 19:05 GMT 7th August 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

Foreign Exchange Rates by Country Central Banks – 17:05 GMT 2nd July 2022

Central Banks control official reporting of exchange rates. There are policies which enable citizens benefit from the best rates possible compared to other sources of forex. People need a working understanding of the dynamic applications of forex. There is a story of retirees from Poland who were paying their mortgage in foreign currency and the… Read More Foreign Exchange Rates by Country Central Banks – 17:05 GMT 2nd July 2022

Foreign Exchange Rates by Country Central Banks – 17:05 GMT 11th June 2022

Central Banks control official reporting of exchange rates. There are policies which enable citizens benefit from the best rates possible compared to other sources of forex. People need a working understanding of the dynamic applications of forex. There is a story of retirees from Poland who were paying their mortgage in foreign currency and the… Read More Foreign Exchange Rates by Country Central Banks – 17:05 GMT 11th June 2022