Tag: Forex
CBN cautions Microfinance Banks against forex transactions
The Central Bank of Nigeria (CBN) has warned microfinance banks in the country to desist from enforeign exchange transactions and other unauthorised dealings.
This was...
Gauging the Forex Market
It’s over two weeks that the Central Bank of Nigeria suspended forex allocation to bureau de change operators and adopted weekly supply to commercial...
CBN, forex sales and the sledge hammer
The Naira as commonly known has been plagued with perpetual falling with minimal rising making it almost the lowest valued currency in Africa.
This trend...
CBN tops up banks’ forex allocations
There has been an increase in the amount of foreign exchange allocated to banks, as the Central Bank of Nigeria (CBN) says it was...
EFCC tags Bitcoin, forex investment red flags
The Economic and Financial Crimes Commission (EFCC) has issued a warning to Nigerians that any investment that promises returns that look too good to...
Naira exchanges at N410/$1 as oil prices slump further
The naira and US dollar closed at N409.67 at the Investors and Exporters window.
The Naira soared against the US Dollar on Thursday, 18th March,...
Forex: Naira maintains stability across markets amid rise in external reserve
By Francis Ogwo
The Naira had on Friday maintained stability against the dollar at the Investors and Exporters (I&E) window closing at N394.67/$1.
This figure was same as recorded...
Forex: Naira slumps against the dollar to close at N394/$1
By Francis Ogwo
There was a sharp rise in Tuesday of Forex turnover as it sharply rose by 183.7%. This is with the Naira exchanging...
Naira dips to 425 to USD amidst debt spike, forex speculations
Francis Ogwo
The rate of the dollar to the naira recorded N452 at the parallel market on Wednesday over speculations by operators in the market...
Foreign Exchange: ‘Don’t pressurize the Naira through your activities’ – ABCON...
By Francis Ogwo
The Association of Bureau De Change Operators of Nigeria (ABCON) and Forex speculators have been warned to desist from pressurizing the value...
Sustainable Agriculture as a Pillar of Climate Adaptation in Africa –...
Evelyn Dan Epelle, San Jose, California
ADIS24 - Africa stands at the forefront of climate change impacts, despite its low contribution to greenhouse gas emissions....
