On Wednesday, March 1, the Naira strengthened against the US dollar in the Peer-2-Peer (P2P), parallel market, and Investors and Exporters (I&E) segments of the foreign exchange market. The market ...
In recent months, inflation, interest rates, public debt, and current account deficits have contributed to Nigeria's economic downturn. In October 2022, Nigeria's inflation rate increased to 21.09 percent, up from ...
The Nigerian Naira depreciated further against the US dollar in the forex market on Friday, amid a renewed FX liquidity crisis. The local currency was under pressure in the market's ...
Access Bank has informed its customers of some significant changes in the processing of Forex requests. The bank explained in an email to customers titled Important information on FX transactions ...
In the nine months leading up to September 2022 (9M'22), the amount of dollars exchanged in the Investors and Exporters (I&E) window of the Nigerian foreign currency (Forex) market increased ...
The execution of foreign exchange reforms to regain the confidence of investors in the economy is a prerequisite for Nigeria's pursuit of rapid economic growth and greater foreign exchange inflows. ...
Nigerian firms have devised a clever method of circumventing central bank guidelines to sell forex in the official market at black market rates. The central bank launched its RT 200 ...
With the recent proliferation of affordable and fast internet across the African continent, observers have noted a remarkable increase in the rate of crypto and forex trading in many countries ...
NIGERIA GDP 2018 CHART The evolution of the online trading industry has been significant in recent years. Indeed, with $5.3 trillion traded on the forex markets each day, it’s hardly surprising ...
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