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Tag: forex trading

FDC: Ending FX Sale To BDCs Disrupts ‘Juiciest Economic Racket’

CBN Governor, Mr. Godwin Emefiele
Says Nigeria spending more on bureau de change than debt service Naira depreciates to N525 on parallel market, stable on I & E window By putting an end to theRead More

ABCON Mobilises Forex Dealers Against Hoarding

Forex
In an apparent response to the sustained spike in the foreign exchange rate in the country, the Association of Bureaux de Change Operators of Nigeria (ABCON) has begun the mobilisationRead More

CBN Increases Forex Allocation To Banks

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) yesterday announced the increase of foreign exchange (forex) allocations to banks to meet the requests of customers, particularly travellers, seeking forex for travel allowances,Read More

Domestic Investors Maintain Dominance Of Stock Market Transactions

Nigerian Stock Exchange (NSE)
Account for 80% of N232bn traded in January Domestic investors continued to dominate trading at the local bourse, accounting for 80 per cent of transactions recorded in January, Flavision hasRead More

Naira Set To Gain As CBN Resumes Forex Sales

Naira exchange rate
Forex sales’ resumption to Bureau De Change operators by the Central Bank of Nigeria will strengthen the exchange rate of Naira to US Dollar, according to BDC operators. In aRead More

Naira Appreciates Further At Parallel Market

Naira exchange rate
The Nigerian Naira strengthened to N440 to a dollar at the parallel market on Tuesday, compared with the N465 to a US Dollar it was the previous day. The NairaRead More

CBN To Unveil, Prosecute Companies For FX Abuse, Over-invoicing

Central Bank of Nigeria (CBN)
In a bid to give teeth to its new policy coup against over-invoicing and forex overpricing, the Central Bank of Nigeria (CBN) has begun moves to unveil and prosecute “buyingRead More

Meet BBNaija Season 5’s Ten Male Housemates (Videos)

BBNaija Season 5 male housemates
Meet the BBNaija Season 5 ten male housemates and get some insight about each contestant’s personality from the sneak peek at their personal lives. Brighto Meet BBNaija Brighto | BigRead More