Forex – Page 3 of 5 – Prime Business Africa

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Dollar Rate Rises As CBN Finds It Difficult To Supply Forex

The naira couldn’t hold its ground against the dollar on Friday, 13 January 2023, depreciating in value by 0.16 per cent, data from the FMDQ Exchange has shown. According to the data

Fakoyejo Olalekan

1 year ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

As Nigerians celebrate the yuletide period, the dollar rate remains at a premium in the black market, as the naira exchanged at N740/$1 on Tuesday. The exchange rate between the naira and

Fakoyejo Olalekan

1 year ago

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

Business

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged banks to source for foreign exchange (forex) through non-oil exports. Emefiele said Nigerian banks, which consist of GTBank, Zenith

Fakoyejo Olalekan

1 year ago

Naira Appreciates To N874 In Official Market Amid $2.25bn FX Support

Business·Currency·Insights

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why

Fakoyejo Olalekan

1 year ago

Business·Insights

5 Major Reasons Naira Won’t Recover Soon

The naira might not recover anytime soon against the dollar due to five factors within and beyond the control of the Central Bank of Nigeria (CBN). In the past week, the chairman

Fakoyejo Olalekan

1 year ago

Business

MTN, Glo, Airtel To Start Selling Foreign Currencies Amid Forex Scarcity

Telecommunications companies like MTN, Glo, and Airtel can now sell foreign currencies, as the Central Bank of Nigeria (CBN) reveals guidelines for the supervision of Payment Service Banks (PSBs). MTN, Glo and

Fakoyejo Olalekan

2 years ago

Forex: Naira Ends Week On Positives Note With N1,431/$ At Official Market

Business·Currency

Dollar To Naira Exchange Rate: Dollar Gets New Rate, As Demand Overwhelms Black Market, I&E

October 14, 2022 Dollar Rates Update: The cost of buying one dollar at the black market depreciated to N731/$1 on Friday, as the Bureau De Change operators dropped their asking price earlier

Fakoyejo Olalekan

2 years ago

Business·World News

$600 million Trapped: Emirates Airlines Warns Nigerian Govt, Plans To End Flight Operations

Emirates Airlines have given Nigerian government a condition to resolve the company’s inability to access its foreign exchange or the firm will end its operation in the country. The Dubai firm’s $85

Fakoyejo Olalekan

2 years ago

Business

Access Bank To Deny Non-account Holders Access To Dollar, Others In Five Months, Set FX Allocation Limit

Access Bank has reviewed its foreign currency allocation for Maintenance/Upkeep of Nigerian students in foreign tertiary institutions, as dollar scarcity extends into the second half of the year. The bank said abroad

Fakoyejo Olalekan

2 years ago

Business·Currency

Dollar To Naira Exchange Rate: Dollar Sells At N421 As Trade Value Drops

June 27, 2022: Trading at the Investors and Exporters (I&E) window saw an exchange of $152.96 million, falling by $10.02 million, as the naira depreciated on the official foreign exchange market on

Fakoyejo Olalekan

2 years ago

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Forex - Page 3

Dollar Rate Rises As CBN Finds It Difficult To Supply Forex

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

5 Major Reasons Naira Won’t Recover Soon

MTN, Glo, Airtel To Start Selling Foreign Currencies Amid Forex Scarcity

Dollar To Naira Exchange Rate: Dollar Gets New Rate, As Demand Overwhelms Black Market, I&E

$600 million Trapped: Emirates Airlines Warns Nigerian Govt, Plans To End Flight Operations

Access Bank To Deny Non-account Holders Access To Dollar, Others In Five Months, Set FX Allocation Limit

Dollar To Naira Exchange Rate: Dollar Sells At N421 As Trade Value Drops

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