FX Market
11 Sep
FMDQ Securities Exchange has posted a total turnover of $445.58 million in its foreign exchange (FX) spot and derivatives markets segment for the week ended September 8, 2023.
2 Aug
August Economic Outlook of PwC foresees a sharp depreciation of naira and the resultant increase in the cost of importation could force many domestic firms to adopt a more aggressive local input sourcing.
3 Jul
In his inaugural speech, President Bola Tinubu mentioned that monetary policy needed thorough ‘housecleaning’. Since then, Godwin Emefiele has been suspended as the governor of the Central Bank of Nigeria (CBN) and the FX market is undergoing rapid changes for the better.
3 Jul
The Chief Executive Officer of the Centre for Promotion of Private Enterprises (CPPE), Dr. Muda Yusuf, has charged the Central Bank of Nigeria (CBN) to put measures in place to check high market volatility that has trailed official foreign exchange (FX) trading since June 14, when the current model was adopted.
30 Jun
In his inaugural speech, President Bola Tinubu mentioned that monetary policy needed thorough ‘housecleaning’. Since then, Godwin Emefiele has been suspended as the governor of the Central Bank of Nigeria (CBN) and the FX market is undergoing rapid changes for the better.
29 Jun
The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) said the reforms in the foreign exchange (FX) market are critical to enhancing the nation's currency stability and also combat inflation.
19 Jan
Head of Investment Research at Parthian Securities Limited, Oluwaseun Dosunmu, yesterday, said the forthcoming elections would ultimately determine the next direction of the foreign exchange (FX) market.
4 Nov 2019
Commentary on the Foreign Exchange (FX) market with data for the week-ended November 1, 2019. clients for the weeks-ended October 4, 11, 18 & 25, 2019 as well as January - October 2019.
18 Mar 2019
Commentary on the Foreign Exchange (FX) market with data for the week-ended March 15, 2019. ▪ The Central Bank of Nigeria (CBN) intervened through its periodic supply of United States (US) Dollars in the FX market, offering a total of $100.00 million to the Secondary Market Intervention Sales (SMIS) Wholesale window on March 12, 2019.…
29 Oct 2018
Commentary on the foreign exchange (FX) market with data for the week-ended October 29, 2018. ▪The Central Bank of Nigeria (CBN) intervened through its periodic supply of United States (US) Dollars in the FX market, offering $100.00 million via a Single Secondary Market Intervention Sales (SMIS) - Wholesale auction held during the week-ended October 26,…
8 Jan 2018
During the week-ended January 5, 2018, Central Bank of Nigeria (CBN) continued its supply of US Dollars in the FX market, offering $100.00mm at a marginal rate of $/₦332 via a Single Secondary Market Intervention Sale (SMIS) – Wholesale session held during the week-ending January 5, 2018. The apex bank also maintained its intervention for…
Latest
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Gov. Yahaya Bello of Kogi State, on Saturday, revealed that he has no political ambition for now but to help President Bola Tinubu to succeed. Responding to a question about his next move after governorship, being one of the major presidential aspirants during the presidential primary of the All Progressives Congress (APC), the governor pointed…
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Zamfara State governor, Dauda Lawal, on Saturday, ordered a ban on illegal mining activities and directed law enforcement officials to take stringent action against violators. Over the years, illegal mining in the state has tended to fuel banditry and other criminal activities, according to reports. The Governor justified the ban in a statement by his…
5 hours ago
Federal Capital Territory, (FCT), Command of the Nigeria Security and Civil Defence Corps (NSCDC) has arrested two suspected oil thieves and armored cable thieves at separate locations in the FCT. FCT Commandant of the NSCDC Olusola Odumosu paraded the suspects who are between ages 25-30, in Abuja. He said the command, through credible intelligence reports…
6 hours ago
The Human Rights Writers Association of Nigeria (HURIWA), has called for urgent reforms in Nigeria's electoral and judicial systems in the wake of the recent ruling by the Governorship Election Petition Tribunal in Enugu State, which has left the nation in disbelief. HURIWA, a leading civil rights advocacy group dedicated to upholding human rights and…
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