Forex

Forex transactions down 23.59% in Nov

The total foreign exchange (forex) market turnover declined by 23.59 per cent month-on-month (MoM) to N4.28trillion or $10.30billion in November…

4 years ago

Naira declines steeply in I&E forex market

The Naira depreciated sharply against the US Dollar at the official Investors and Exporters (I&E) forex window on Thursday, losing…

4 years ago

Forex: CBN instructs banks to name and shame defaulters

The Central Bank of Nigeria (CBN) has mandated all banks to name and shame defaulters of its foreign exchange policy…

5 years ago

Abuja banks comply with CBN forex directive and sell dollar at N412

In accordance with the new foreign exchange regulations (FX) of the Central Bank of Nigeria (CBN), commercial banks in Abuja…

5 years ago

CBN should provide clarity in forex policy, say analysts

The Central Bank of Nigeria (CBN) has to remove the opaqueness that has shrouded the country’s foreign exchange policy, to…

5 years ago

Nigeria must create enabling environment for export to attract forex -Ex-DG, LCCI

Nigeria must create an enabling environment that will encourage export business and attract foreign exchange (forex), the immediate past Director-General…

5 years ago

BDC operators to ban hawking of forex

Forex traders under the aegis of the Association of Bureaux De Change Operators of Nigeria (ABCON) have said they will…

5 years ago

Nigeria to reduce wheat importation with cassava policy

The Nigerian Government says the policy of 10 per cent of cassava flour in bread and other confectionery would reduce…

5 years ago

MAN urges CBN to supply forex to manufacturers

The Manufacturers Association of Nigeria (MAN) advised the Central Bank of Nigeria (CBN) to provide foreign exchange to manufacturers to…

5 years ago

Nigeria’s external reserves dip 2.25% in one month despite oil price rise

Nigeria’s external reserves went in an inverse direction in relations to the price of oil in the last one month.…

5 years ago

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