Tag: Forex

If you're wondering how the U.S. dollar (USD) is faring against the Nigerian naira (NGN) on the parallel market today, here’s everything you need to know — especially if you're ...

Net foreign exchange inflows into the economy increased by 18.6% month on month to $4.46 billion in April 2024 from $3.83 billion in March 2024. The gain was driven by ...

The demand for foreign exchange by individuals and companies seeking to do importation and other forex-related activities fell 42 per cent year-on-year, latest data from the Central Bank of Nigeria have ...

The Economic and Financial Crimes Commission has arrested over 200 suspects in connection with foreign exchange scams and manipulation of the financial markets. Sources privy to the development but were ...

Forex, month over month (MoM), the amount of dollars traded (turnover) on the Nigerian Foreign Exchange Market (NAFEM) decreased by 37.4%, from $5.54 billion in March 2024 to $3.47 billion ...

About $2.4bn out of the claimed backlog of $7bn forex claims were fictitious, the Deputy Governor of Corporate Services at the Central Bank of Nigeria, Mohammed Bello, has said. He ...

Forex, Oil and Gas specialist Mr. Emmanuel Iheanacho has emphasized that the recent uptick in the value of the naira will not automatically lead to a reduction in petroleum pump ...

Forex, the Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators, notifying them that each BDC has been allocated $10,000 at a rate of ...

Forex, the budget's core elements have undergone substantial shifts due to prevailing foreign exchange market conditions. Following the budget's passage into law, the official exchange rate benchmark surged nearly 50%, ...

On Friday, January 19th, 2024, forex turnover experienced a 17.36% decline to $145.89 million as the Nigerian naira witnessed a marginal depreciation against the dollar in both the official and ...