Tag: Forex
FG spends $340.84m forex on education in six months – CBN
Reports have indicated that Nigerians seeking admissions to foreign universities spent $340.84m to fund their application between January and June 2023.
This is according to...
Naira crisis: Crypto transactions soar to $56.7bn
The naira continued to slump downwards after exchanging to the dollar at 980/$ at the parallel market on Wednesday.
Recall that a week earlier, the...
Forex scarcity hits up inflation to 21.09% – NBS
The National Bureau of Statistics has said the increase in the price of fuel, scarcity of foreign exchange, and disruption in food supply chain...
Forex policy impacted on exchange gap by N300 – ABCON
Unorthodox foreign exchange policy of the Central Bank of Nigeria has adversely impacted on the naira stability across all markets, and created huge premium...
Flight fares soar by 52% amidst rising forex – NBS
Data from the National Bureau of Statistics has revealed that the average airfare paid by passengers on specified routes for a single journey has...
Naira dips at forex markets as supply hits $202.1million
The naira and the US dollar exchanged at N416.5/$1 at the official Investors and Exporters (I&E) window.
The exchange rate at the I&E window depreciated...
CBN ends sales of forex to banks
The Central Bank of Nigeria (CBN) has disclosed that it wouldd stop the sale of foreign exchange to Deposit Money Banks (DMB) by the...
CBN’s quarterly forex intervention drops by $930m
There is a reported drop in Central Bank of Nigeria’s foreign exchange intervention in the economy by $930m in the third quarter of 2021...
Speculators record billions loss as naira appreciates
Grace Cofie
At the Investor and Exporter forex window, the naira appreciated by 0.8 per cent to close at N414.73 on Wednesday but the Central...
CBN warns banks against FOREX malpractices
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) to always observe due diligence and desist from all forms of malpractices...