In response to the current challenges related to dollar shortages, and the need to rebuild Nigeria’s foreign exchange reserves, receivers of foreign currencies from their relatives...
The exchange rate for cargo clearance witnessed a dramatic increase to N1413.6/$ barely 24 hours after the Central Bank of Nigeria, CBN, raised...
Financial analysts have predicted a tale of contrasting outcomes for quoted companies based on their net foreign assets as the naira continued to depreciate against the...
An examination of both the NGX industrial sector index and companies’ financials operating within the industrial sector shows the varying impacts of exchange rate...
Chief Executive Officer of SD & D Capital Management, Idakolo Gbolade, says the continued Naira decline could be attributed to the reduction in forex...
Acting governor of the Central Bank of Nigeria (CBN) Fola Shonubi says the apex bank has come up with a yet-to-be-announced policy that will...
The Depots, and Petroleum Products Marketers Association of Nigeria (DAPPMAN), says accessing foreign exchange at official rate was a serious challenge to marketers. Mrs Winifred Akpani,...
The Central Bank of Nigeria (CBN), has advised Nigerians not to succumb to the speculative activities of some players in the foreign exchange market. Mr. Osita...
CBN to end sale of FOREX to banks. The CBN will stop the sale of foreign exchange to commercial banks before the end of the year,...
The Forex market is huge. It is the market where you can make a profit by buying and selling currencies. Every day, there are trillions of...
