Tag: FX reform

  • Naira Slides Further on the Street as Gap Widens With Official Window

    The naira weakened further in the parallel market while holding a different rate at the official NFEM window, widening the spread between both markets. The movement reflects ongoing demand-supply tension in the FX ecosystem.

    Analysts warn that persistent gaps can fuel speculative pricing and complicate planning for import-dependent sectors.

    2025-12-10

    Vanguard

    2025-12-10

  • CBN Grants Final Licences to 82 BDCs

    CBN Grants Final Licences to 82 BDCs

    The Central Bank of Nigeria has granted final operating licences to 82 Bureaux De Change under updated regulatory guidelines, warning the public to transact only with authorised operators.

    The move is part of broader FX-market reforms aimed at tightening compliance and reducing parallel-market abuses.

    Source:The Nation, 2025-12-08