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FX

7 Dec 2021
In recent months, developments in the Nigerian foreign exchange market have elicited reactions from stakeholders, some of which reflect understanding while others do not.
26 Oct 2021
As the Federal Government, in Abuja, harped on diversification of foreign exchange sources through export of manufacturing products yesterday investors in the country’s manufacturing value...
19 Oct 2021
Focusing on Diaspora remittances is not bad as we have seen countries like India and Bangladesh generate and support their local economy with this source of fx revenue.
19 Oct 2021
Governor Godwin Obaseki has said the new Edo State audit law was to deepen accountability and transparency and make government agencies more accountable.
13 Oct 2021
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated measures to curb the continued depreciation of the naira.
28 Sep 2021
For companies listed on the nation’s bourse to improve productivity and make some reasonable level of recovery post-pandemic, experts have charged their directors to streamline business operations
10 Sep 2021
The new foreign exchange (FX) sale template faces a major test, as naira took a major plunge in the last 72 hours. The weeklong crisis at the parallel market worsened, yesterday...
3 Aug 2021
The Central Bank of Nigeria (CBN) has assured the public that it will monitor the deposit money banks (DMBs) to ensure they comply with set rules and meet the legitimate foreign exchange needs of Nigerians...
21 Jun 2021
The naira is losing its resistance against the dollar a few days after it gained some margin at the parallel market. At the weekend, the naira retreated to about N498/$ at the black market from 490/$ it sold on Thursday.
18 Jun 2021
The International Monetary Fund (IMF) has called for the adoption of the Nigerian Autonomous Foreign Exchange (NAFEX) window for official transactions as well as the unification of all rates to achieve
31 May 2021
The foreign exchange crisis in the country may worsen soon, as anti-market schemes, speculation and hoarding, have taken firmer hold in the market, The Guardian has learnt.
19 Apr 2021
It is the norm to hear talks around the need for convergence in Nigeria’s foreign exchange (FX) markets. This implies that there is mispricing. Historically, this mispricing has always been

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A wave of attacks on villages in eastern DR Congo attributed to Islamic State-affiliated ADF rebels killed at least 15 people Sunday, local officials said.
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Police in Enugu State have burst a criminal gang’s hideout on Onitsha Road, Enugu where they recovered two assault rifles, one English-made and one locally-fabricated pump action gun.
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Turkish President Recep Tayyip Erdogan said for the first time Sunday that Ankara could accept Finland into NATO without its Nordic neighbour Sweden.
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The All Progressives Congress campaign council (APC PCC) has applauded the Central Bank of Nigeria (CBN) over the extension of the naira swap deadline.