The Central Bank of Nigeria (CBN) says it has completed a major forensic audit into the country’s foreign exchange transactions under the Retail Secondary Market Intervention Sales (RSMIS) scheme, ...

The Nigerian currency has continued to appreciate in the official and parallel markets Investor appetite for OMO auctions has fueled significant naira gains amid forex reserves gains Details from the ...

The CBN Governor noted that resolving the overdue contracts would allow the naira to strengthen. An FX forward contract is a bilateral agreement where one party (the seller) agrees to sell FX to ...