The exchange rate at the parallel market fell to another new 3-year low closing at N472/$1 on Monday, July 20, 2020. However, on the officially recognized...
Nigeria’s currency has continued to depreciate at the forward market, amidst growing concerns that the Central Bank of Nigeria (CBN) might have to devalue the naira...
The Central Bank of Nigeria have injected over $42.3 billion into the foreign exchange market between April 2018 and March to ensure liquidity in that segment...
The Central Bank of Nigeria (CBN) has continued its intervention in the inter-bank sector of the Foreign Exchange market by injecting another sum of $210 million...
The Central Bank of Nigeria, CBN, has again released another tranche of $210million, to meet customers’ requests in various segments of the inter-bank foreign exchange, forex...
Experts in the telecom sector have called on government to improve on its critical broadband infrastructure, power, and access to forex and finance if the industry,...
By Odunewu Segun A new group of international internet fraudster has devised new ways of extorting money from unsuspecting Nigerians, especially forex traders, using unscrupulous law...
By Odunewu Segun The World Bank has stated that Nigeria’s economic recovery was being limited by its foreign exchange controls. The global agency stated this in...
By Odunewu Segun The Central Bank of Nigeria has increased the limit on banks’ foreign currency borrowings to 125 percent of shareholders’ fund after some lenders...
By Odunewu Segun With over $768 million injected into the forex market last week, the black market rate remained at N406/$1 suggesting that the effect of...
