FX
CBN warns speculators, resumes forex sale to SMEs
The Central Bank of Nigeria on Wednesday intensified its surveillance of the foreign exchange market, warning speculators, smugglers and other…
Ecobank’s African markets website goes live to promote intra-regional trade
Ecobank’s African markets website has gone live Monday to provide key facts for businesses and investors on the economies of…
Nigeria’s FX reserves up 10% in November- CBN
Nigeria’s foreign exchange reserves stood at $37.92 billion as of Dec. 22, up 10.1 percent from a month earlier, central…
Nigeria’s currency futures market volumes drop on rate convergence
The recent improvements in foreign currency liquidity at the Nigerian foreign exchange market have ironically affected volumes at the nations’…
Nigerian stocks risk downgrade on naira value as MSCI reclassifies markets
The value of Nigeria’s local currency, the naira, could be a strong factor in Morgan Stanley Capital International’s (MSCI’s) index…
Forex liquidity eases trade financing pressures on Nigerian banks
The Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) mechanism, commonly referred to as the "Investors' and Exporters' FX Window", appears…
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