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Forex - Page 4

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

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 Bank, Access Bank, Stanbic IBTC, Wema Bank, among others, should

December 12, 2022

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

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 CBN’s forex intervention matters? The CBN’s $9.4 billion intervention in

December 2, 2022

Naira Ends Week With Marginal Gain Against Dollar

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 of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa,

November 21, 2022

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 Airtel have branched into financial service market through their subsidiaries;

October 25, 2022

Naira Opens Week With Gain Across FX Markets

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 today. This indicates Naira appreciated against the United States currency

October 14, 2022

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 million foreign currency is trapped in Nigeria, as the Central

August 18, 2022

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 students limited maximum allocation to $1,500 per year, stating that

July 17, 2022

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 Monday. According to data obtained from the FMDQ, which houses

June 28, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Traders Increase Price To Buy Dollars Across All Forex Market

Naira depreciates across all foreign exchange markets on Wednesday, as the United States government protects its currency against inflation by increasing interest rates. In the official forex market, Investors & Exporters window, it was gathered that the naira depleted in value to

June 23, 2022

Business·Currency

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

The World has requested an adjustment in the exchange rate of the Investors & Exporters (I&E) window in Nigeria, stating that the rise in oil price has presented the Central Bank of Nigeria (CBN) to take review. According to the World Bank,

June 21, 2022

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Forex - Page 4

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

Black Market Dollar To Naira Exchange Rate Today: Traders Increase Price To Buy Dollars Across All Forex Market

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

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Silver Slides as Investors Lock in Profits Amid Receding Fears

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Forex - Page 4

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