forex

Naira trades N1,671/$ at official market

The naira on Tuesday, November 5, 2024, appreciated at the official market, trading at N1,671.32 to the dollar. Data from…

2 weeks ago

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…

3 weeks ago

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…

2 months ago

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…

3 months ago

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…

4 months ago

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…

4 months ago

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…

4 months ago

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…

4 months ago

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…

4 months ago

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,…

5 months ago

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