Tag: forex
CBN sells $148m to authorised dealers
CBN also sold a total of 106.5 million dollars to 29 authorised dealer banks at rates between N1,498 and N1,530…
Traders Union introduces FxPro as one of the best PAMM Forex Brokers
FxPro is a well-known online broker that offers trading in foreign exchange and contracts for difference (CFDs). This broker was…
EFCC to clamp down on forex hoarders
Bawa said he called the meeting to fashion out a collaborative stakeholders' response to brazen foreign exchange speculation, especially at…
Why Naira stabilised at exporters window – Emefiele
Emefiele said that editors and finance correspondents were expected to play a critical role in public sensitisation towards the success…
Russia stops forex sales, foreign cash withdrawals
Sanctions imposed over Russia’s war of aggression against Ukraine have caused the rouble to plummet and made it harder for…
Nigerian-born trader Jeffrey Benson unveils Forex academy
By Taiwo Okanlawon Jeffrey Benson, a 26-year-old Nigerian-born Forex trader and coach, has placed a focus on empowering and creating…
Forex trader docked for N2.4m fraud
A 41-year-old forex trader, Babatope Adebayo, who allegedly defrauded four women to the tune of N2.4 million, was on Thursday…
Forex: CBN issues strong warning to commercial banks
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) to always observe due diligence and desist from…
Meet James Watts, Founder, The Forex Hub
James Watts, as we are aware of him presently, is a fruitful Forex dealer and notable for his instructive stage.
How Shoaib Ghauri is helping people world over
The question that numerous new potential traders have as a primary concern is the means by which Shoaib Ghauri can…
Forex expert says COVID-19 boomed trading
A fund manager, Mr Stano Emmanuel stated that the COVID-19 pandemic has attracted many players to forex trading.
Naira gains marginally against dollar at FOREX windows
The Naira on Monday gained marginally to the dollar at the Investors and Exporters (I &E) window closing at N389.25…
CBN injects $210m into Forex Market
The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market…
Forex: CBN injects $218.41m, CNY 18m into retail secondary market
The Central Bank of Nigeria (CBN) has injected the sum of 218.41 million dollars into the retail Secondary Market Intervention…
Forex: Dollar licks wounds
The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later…
CBN assures of Forex for indigenous companies
The Central Bank of Nigeria (CBN) has reteirated its readiness to facilitate access to foreign exchange by Nigerian companies that…
Forex: Inter-bank market gets another $210m boost
The Central Bank of Nigeria (CBN), says authorised dealers received 100 million dollars from the bank on Tuesday as part…
Kenya warns against unlicensed online FOREX trading
Kenya’s Capital Markets Authority (CMA) warned Kenyans on Monday against online foreign exchange trading through unlicensed entities, saying they risked…
Forex: CBN widens margin for BDCs by N3
The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin for operators of Bureau De…
CBN mandates BDCs to access foreign exchange window thrice weekly
The Central Bank of Nigeria (CBN) has made it mandatory for all the Bureau de Change (BDCs) operating in Nigeria…
CBN uplifts Forex market with $210m
Central Bank of Nigeria (CBN) has made available 210 million dollars to meet customers’ requests in various segments of the…
CBN boosts foreign exchange market with $210m
In another round of intervention, the Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars into the Inter-bank…
Naira dips marginally against dollar at parallel market
The Naira on Tuesday depreciated marginally against the dollar at the parallel market, exchanging at N361.20 to the dollar. The…
Forex market: CBN provides $55m for business, personal travels for customers
Nigerians requiring foreign exchange for Business and Personal Travel Allowances, tuition, medical fees and others can access from a 55…
Forex: Naira closes at N360.54 per dollar at investors’ window
The Naira on Thursday traded at N360.54 to a dollar at the investors’ window.
FOREX: CBN strengthens market stability
The Central Bank of Nigeria (CBN) on Monday, injected 195million dollars into the inter-bank Foreign Exchange(Forex) Market. Mr Isaac Okorafor,…
Naira sells at N364/$ as MPC holds rate
The Naira on Tuesday exchanged at N364 to the dollar at the parallel market as the Monetary Policy Committee (MPC)…
Forex: CBN to sanction banks
The Central Bank of Nigeria (CBN) on Monday threatened to sanction any Deposit Money Bank (DMB) in breach of its…
ABCON chief predicts end to unstable forex market
The President of the Association of Bureau de Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Friday, predicted an…
Woman nabbed over N700m forex fraud
The Police Special Fraud Unit (PSFU) on Wednesday said it had arrested a 36-year-old woman for allegedly posing as a…