External reserves rise by $930m in two weeks The country’s external reserves rose by $930 million from $35.37 billion as of December 31, 2020 to...
Forex inflow through CBN declines to $6.97bn Q3 2020 Foreign exchange inflow through the Central Bank of Nigeria (CBN) in the third quarter of 2020...
AfCFTA implementation: Analysts see respite for Nigeria’s FX pressure Analysts at PFI Capital Limited have said that the huge demand for foreign exchange in Nigeria...
ABCON: COVID-19, forex volatility portend more woes for businesses except… Foreign exchange (forex) scarcity in Nigeria portend a more difficult operation environment for businesses...
CBN’s forex reserves inch up to $35.4bn The nation’s external reserves rose to $35.4billion as at December 30 from $34.98 billion recorded as at December...
What No One Told You about “How to Make a Million Dollars Trading Forex” By Olayinka Ajayi Before you start joining groups, here are what you...
The Nigeria’s fixed income market closed amidst mixed sentiments on Wednesday as performances vary from the forex to the treasury bills and the bond markets. Foreign...
After appearing to have stabilised against the dollar across foreign exchange markets in recent days, the naira on Wednesday and Thursday fell to N465 per dollar...
The Lagos Chamber of Commerce and Industry has said inappropriate foreign exchange policies are discouraging new capital investments. The President, LCCI, Mrs Toki Mabogunje, during the...
In a bid to strengthen the local currency, Naira, the Central Bank of Nigeria (CBN) supplied $13.99 billion into the market between January and June. The...
Amidst continued pressures on the external sector of the economy, the Central Bank of Nigeria (CBN) has projected a major fall in the country’s foreign reserves...
Amid free-falling foreign exchange reserves in it’s vault, the central Bank of Nigeria (CBN) has banned transfer of foreign exchange (forex) from one customer to another....
As local currency plunges further to N460/1$ _____________________________ Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has blamed loss of value by the country’s...
In a bid to bolster local production, importers of food items and fertilisers in Nigeria have been disqualified from accessing forex in the vault of the...
Four days after the Central Bank of Nigeria (CBN) had resumed partial sales of dollar to Bureau De Change (BDC) operators in the country, the local...
However, the effect of the forex sale resumption was yet to be felt as naira exchanged to the dollar on the parallel market at N430 despite...
The Central Bank of Nigeria (CBN) has announced that from September 7, it will resume sales of foreign exchange (forex) to Bureau De Change operators in...
Turnover in the Fixed Income and Currency (FIC) markets for the month ended July 30, 2020 was N18.72 trillion, indicating a month-on-month (MoM) increase of 13.66...
The Central Bank of Nigeria has moved to curb abuse of forex acquisition by dealers as the apex bank banned with immediate effect involvement of third...
By FBNQuest Our chart covers Q1 2020, when fx was available and the CBN was supplying its various windows with sales above US$13bn to authorized dealers....
