Tag: forex
Naira trades N1,676/$ at official market
The naira depreciated at the official market on Monday, November 4, 2024, trading at N1,676.90 to the dollar.
Data from the official trading platform of...
CBN unveils electronic forex matching system to curb speculation
The Central Bank of Nigeria (CBN) has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS) for foreign exchange transactions in the...
NNPCL: Forex responsible for petrol price hike
The Nigerian National Petroleum Company Limited (NNPCL) says foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium...
CBN offers $876m to forex market, pledges more liquidity support
The Central Bank of Nigeria (CBN) has offered $876 million to the foreign exchange (forex) market to fulfil bids submitted by customers.
This was disclosed...
CBN sells $148m to 29 authorised dealers at N1,470/$
The Central Bank of Nigeria (CBN) has sold $148 million to 29 authorised dealers in the Nigerian Foreign Exchange Market (NFEM).
The Acting Director of...
Forex broker faces trial over alleged N2bn investment scam
A self-acclaimed forex broker, Rufus John Isip, has been arraigned before Justice C. S. Onah of the Federal High Court sitting in Uyo, Akwa...
Forex: CBN sells $106.5m to 29 dealers at N1,498/$
The Central Bank of Nigeria (CBN) has commenced regular sales of foreign exchange through authorised dealer banks and licensed Bureaux De Change (BDCs) to...
Forex: CBN sells $122.671m to 46 dealers
The Central Bank of Nigeria (CBN) has sold the sum of $122,671 million to 46 authorised dealers.
This was disclosed via a statement issued by...
CBN stops forex price verification system portal
The Central Bank of Nigeria (CBN) has announced the discontinuation of its Price Verification System (PVS) Portal, effective July 1, 2024.
The CBN made this...
Naira gains against dollar at official market
The naira, on Wednesday, May 29, 2024, further appreciated at the official market, trading at N1,329.65 to the dollar.
Data from the official trading platform...
