The Central Bank of Nigeria has warned Deposit Money Banks to always observe due diligence and…
Tag: Forex
Naira strengthens to N411.5/$1 by sufficient supply of forex
The Naira currency finished the week stronger against the US Dollar at the Investors and Exporters…
Bankers say forex will now be sold online
The Bankers’ committee said it had concluded plans to digitise sales of Foreign Exchange across the…
Forex transactions drop 17% in one week
…total turnover falls $677m Foreign exchange transactions at the Investors’ & Exporters window declined by 17.2…
Forex supply: Experts decries cumbersome documentation process
The Financial Derivatives Company Limited has described the documentation process required by banks for the sale…
Violation: CBN fingers foreign embassies in massive forex racketeering
…says no more business as usual The Central Bank of Nigeria on Tuesday accused foreign embassies,…
Investors transact forex worth $3.01bn in six months
The value of transactions traded at the Nigerian Autonomous Foreign Exchange Rate Fixing stood at $3.01…
Nigeria suffers acute forex inflows despite CBN’S liquidity intervention
Nigeria is still battling with foreign exchange inflows despite efforts by the Central Bank of Nigeria,…
Forex scarcity: Telcos operators seek CBN’s special intervention
Operators in the telecommunications industry are seeking special consideration from the Central Bank of Nigeria to…
Forex market: CBN moves to tackle dollarisation of Nigeria’s economy
…as investors count loses in trillions The foreign exchange market for so long has been in…