The Management of Dangote Industries Limited (DIL) has announced that the conglomerate has repatriated over USD576,008,672.41 through different banks in Nigeria, in addition to a USD$111,968,109.38 ca...
While trading has become one of the determining factors in the business climate, cryptocurrency trading, and forex trading have made it even more complex. Getting the difference between these two can ...
As international investors remain cautious, inflows through the Investors and Exporters window (I&E) fell by 65.7% month on month in July.According to FMDQ data, foreign exchange inflows into the ...
Managing risk is a critical aspect of currency trading that can significantly impact your success as a trader. This article emphasizes the importance of understanding and accepting the uncertainty inh...
In the second quarter of 2023, Cadbury Nigeria Plc experienced a considerable setback, reporting a loss before tax of N17.9 billion. This is in stark contrast to the N800 million profit recorded durin...
The financial tango between the Nigerian Naira and the US Dollar has taken a bewildering turn on the black market, with exchange rates soaring to unprecedented heights. As the stage is set for this cu...
The Central Bank of Nigeria (CBN) made a significant move on Thursday, June 22nd, 2023, by auctioning $29.5 million at the interbank window. This auction showcased the CBN's intervention in the forex ...
As per a recent development within the Nigerian financial landscape, commercial banks have taken the initiative to update their customers on the recent changes in the country's foreign exchange policy...
Moving towards enhancing the efficiency and transparency of the foreign exchange (FX) market, the Central Bank of Nigeria (CBN) issued a press statement on June 18, 2023. This statement serves as comp...
The Central Bank of Nigeria has given commercial banks permission to trade foreign exchange freely at any rate.The approval implies that banks can now sell foreign currency at a market-determined rate...