forex market
-
Nigeria CBN Cracks Down on Forex Malpractices: Ends Cash Payments for Travel Allowances
The Central Bank of Nigeria (CBN) has introduced a pivotal policy shift, instructing authorized dealer banks to discontinue the payout of Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) in cash. This directive, signed by Dr Hassan Mahmud, the Director of the Trade and... -
Nigeria Economic Concerns as Naira Depreciates to N1,565/$ in Parallel Market, Widening Gap with Official Rates
The Nigerian Naira experienced fluctuations against the US dollar, reaching an intra-day high of N1,582 while witnessing a notable decline in forex turnover, plummeting by 56.58% to $117.87 million. Both official and black-market exchange rates saw a marginal decrease in the value of the Naira... -
Nigeria Economic Jitters as Naira Depreciates to N1,500: Parallel Market Struggles Against Dollar
The Nigerian naira witnessed a 3.45 percent depreciation on Wednesday, plummeting to N1,500 against the dollar in the parallel market. This marks a decline from the N1,450 recorded just two days prior, leaving currency traders, also known as Bureau De Change operators, with a narrow profit... -
Nigeria Naira Bounces Back at Official Forex Window, Parallel Market Struggles
Amidst concerns over the Nigerian currency's volatility, the naira experienced a positive turn at the official forex window, strengthening by 1.09% to close at 1,419.86/$, following reassurances from the Central Bank of Nigeria Governor, Olayemi Cardoso. Last week saw the naira hitting an... -
Nigeria Dollar Drought Forces Abuja BDCs to Suspend Business Indefinitely – Chairman Cites Digital Currency Influence
The Bureau de Change (BDC) operators in Abuja have declared the indefinite closure of their business premises starting from Thursday, February 1, 2024. The announcement, made by the Association's Chairman, Abdulahi Dauran, cites the scarcity of dollars as the primary reason for this decision... -
Nigeria Manufacturers Sound Alarm on Impending Price Escalations Amid Naira Depreciation
Manufacturers in Nigeria are bracing for a potential surge in commodity prices as the nation's currency, the naira, continues its downward spiral against the United States dollar. Since the removal of the rate cap by the Central Bank of Nigeria in June 2023, the naira has witnessed a significant... -
Nigeria Central Bank's $500 Million Boost Fails to Halt Naira's Dive, Reaches Record Low of N1,348.63/$1
Naira plummeted to a record low of N1,348.63 against the US Dollar on Monday, signaling a 33.87% decline from the previous Friday's closing rate of N891.90. This unprecedented depreciation, witnessed at the official NAFEM market, reflects the severity of the current economic challenges facing... -
K
Business Naira tumbles against US dollar at forex market - Daily Post
https://dailypost.ng/2024/01/17/naira-tumbles-against-us-dollar-at-forex-market/- Kayode Israel
- Thread
- daily post news forex market naija news nigeria news
- Replies: 0
- Forum: Business News Links
-
Nigeria Naira Drops to N1,250/$ in Parallel Market, Raising Economic Concerns
In a concerning economic development, the Naira witnessed a significant depreciation to N1,250 per dollar in the parallel market, marking a notable drop from N1,240 per dollar over the weekend. Concurrently, the Nigerian Foreign Exchange Market (NAFEM) recorded a similar trend as the naira... -
Business CBN Injects $205m Into Forex Market – Leadership Newspaper
The Central Bank of Nigeria (CBN) said it injected the sum of $205 million into the inter-bank Foreign Exchange Market, in its continued push to sustain liquidity in the sector on Tuesday, May 28. The CBN said authorised dealers in the wholesale segment of the market … Read more via...- Nigeria Business News
- Thread
- central bank of nigeria forex market inter-bank foreign exchange market leadership nigeria newspaper naija news today 300519 nigeria business news
- Replies: 0
- Forum: Business News Links
-
Sponsored How To Successfully Invest In Forex? A Short Guide For Your Wealth Growing
It’s very important for newbies to understand the importance of developing his own successful trading strategy and following trading psychology rules. Every professional trader understands that it’s impossible to predict the 100% deal profitability, but one is able to increase the productivity...- justforex
- Thread
- forex forex market forex trading justforex trading forex trading with forex
- Replies: 0
- Forum: Sponsored & PR Post
-
Business Forex: Central bank boosts Retail SMIS with $343.06 million – TODAY.NG
The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018. Read more via TODAY.NG – https://ift.tt/2MtdOAr Get more...- curator
- Thread
- central bank of nigeria forex market isaac okorafor naija news today 150618 nigeria business news secondary market intervention sales smis news today nigeria news
- Replies: 0
- Forum: Business News Links
-
CBN injects fresh $331m into forex market – Daily Post Nigeria
The Central Bank of Nigeria (CBN) on Friday sold a total of $331.41million to players in different sectors in the Retail Secondary Market Intervention Sales (SMIS). This move was in continuation of its push to guarantee foreign exchange liquidity. Confirming the releases, the Bank’s Acting...- curator
- Thread
- central bank of nigeria dailypost news foreign exchange liquidity forex market isaac okorafor nigeria business news nigeria news today 020618 secondary market intervention sales
- Replies: 0
- Forum: Business News Links
-
CBN Injects $210m In Forex Market – Leadership Newspaper
The Central Bank of Nigeria (CBN), yesterday boosted the inter-bank Foreign Exchange market with another sum of $210 million. The apex bank again offered the sum of $100 million to authorised dealers in the wholesale segment of the market. The Small and Medium Scale Enterprises (SMEs) segment...- curator
- Thread
- apex bank central bank of nigeria forex market injection of funds in exchange market inter bank foreign exchange market leadership newspaper nigeria business news nigeria news today 090518 smes
- Replies: 0
- Forum: Business News Links
-
Business CBN injects fresh $210m into forex market - Punch newspaper
The Central Bank of Nigeria has intervened with another sum of $210m in the foreign exchange market to meet the requests of customers, as the regulator continues its efforts to maintain a stable exchange rate for the naira. A breakdown of the figures obtained from the bank in Abuja on Tuesday...- Iroka Chinedu
- Thread
- $210m cbn forex market lagos nigeria business news nigeria news 190418 punch newspaper
- Replies: 0
- Forum: Business News Links
-
Business CBN Lifts Forex Market With $210m – Leadership Nigeria Newspapers
In its desire to ensure the availability of forex and also meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) has injected another sum of $210million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank yesterday indicate that the...- curator
- Thread
- cbn forex policies forex market leadership newspapers naija news nigeria business news nigeria forex market
- Replies: 0
- Forum: Business News Links
-
Business Naira to hit 360/dollar at investors’ forex market – Punch Newspapers
Oyetunji Abioye with agency report The naira is expected to firm slightly to 360 per dollar at the Central Bank of Nigeria’s Investors and Exporters Foreign Exchange window next week as trading picks up after the Christmas and New Year holidays. The local currency had traded weaker at 362/dollar...- curator
- Thread
- dollar forex market naira punch news paper update punch newspaper news
- Replies: 0
- Forum: Business News Links
-
P
Business CBN Pumps Fresh $250m Into Forex Market
The Central Bank of Nigeria (CBN), on Monday intervened with another sum of $250 million Its continuing efforts to keep the inter-bank foreign exchange market liquid. A breakdown of Monday’s intervention indicates that the wholesale sector was offered the sum of $100 million, just as the...- ProfRem
- Thread
- central bank of nigeria (cbn forex market naira rate nigeria news
- Replies: 0
- Forum: Business News Links
-
P
Business CBN Pumps Another $250m into Forex Market
The Central Bank of Nigeria (CBN) has again intervened in the Inter-Bank Foreign exchange Market to the tune of 250 million dollars. Isaac Okorafor, acting director, corporate communications department of CBN, said the apex bank also sold $100 million and uplifted the small and medium...- ProfRem
- Thread
- central bank of nigeria forex market nigeria news
- Replies: 0
- Forum: Business News Links
-
P
Business Nigeria's Central Bank Sells $462m To Boost Forex Market
The Central Bank of Nigeria on Friday sold another $462,336,426.74 to prop up the Naira value and improve consumer prices. This intervention came after the apex bank sold $194 million on Monday. Mr. Isaac Okorafor, the Acting Director in charge of Corporate Communications of the Central Bank...- ProfRem
- Thread
- cbn central bank of nigeria forex market isaac okorafor nigeria news
- Replies: 0
- Forum: Business News Links
About Nigerian Bulletin
Nigerian Bulletin is an innovative platform offering curated links to top news, diverse lifestyle topics, and a dynamic marketplace. With a strong presence on social media, it serves as a bridge connecting Nigerians to the latest updates and opportunities.
Get Updates
Keep up with the latest news of our company