Tag: FOREX
Forex trader docked for allegedly misappropriating client’s $10,000
A Forex trader, Henry Gabriel, on Monday, appeared before a Federal Capital Territory (FCT) High Court in Zuba, charged with misappropriating $10,000, property of...
Naira depreciates by 4.41% against dollar at official market
Lagos, Oct. 28, 2024 (NAN) The Naira on Monday depreciated at the official market, trading at N1670.65 to the dollar.
Data from the official trading...
Dollar-denominated bond the option as FG moves to boost Forex liquidity
As the inflation occasioned by weak naira inflation, a wide dollar gap and high energy cost impacts on Nigeria’s economy the Federal Government of...
CBN offers $876m to fx markets, pledges more liquidity support
The Central Bank of Nigeria (CBN), has offered 876 million dollars to the foreign exchange (fx) markets to fulfil bids submitted by customers at...
Pharmaceutical multinationals left Nigeria because of forex scarcity – PMG-MAN
The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) on Sunday bemoaned the paucity of foreign exchange in the country, saying it...
Increasing domestic production will stabilise forex – ex-CBN Director
A Former Director of Research Department, Central Bank of Nigeria (CBN), Dr Titus Okurounmu, has urged the Federal Government to make concerted efforts to...
Forex crisis: SEC Pledges to cooperate with EFCC
The Securities and Exchange Commission has pledged to work with the Economic and Financial Crimes Commission (EFCC) to ensure reduction in virtual trading manipulations.
Acting...
Naira gains slightly by 0.11%
The naira on Monday exchanged at 446 to the dollar at the Investors and Exporters window.
The figure represented an appreciation by 0.11 per cent,...
CBN halts sale of forex to BDCs
The Central Bank of Nigeria (CBN) on Monday announced immediate discontinuation of sale of Foreign Exchange (forex) to Bureau de Change (BDC) operators in...
NAFEX: CBN removes N379/$1 exchange rate from website
The Central Bank of Nigeria (CBN) has removed the exchange rate of N379/$1 from its website homepage conforming with the bank’s policy that the...
COVID-19: Dollar set for biggest slump in weeks
The greenback steadied on Friday but was set for its biggest weekly drop in three weeks as caution over growing coronavirus infections cast doubt...














