Bridging the Gap Between Official/Parallel Market Rates Gwadabe urged the directors to help CBN reduce the gap between the official and parallel market rates. “As a...
Naira Shortage Forces Banks to Boycott CBN Dollar Sale Deposit Money Banks lacked naira liquidity to bid for the $100m offered for sale by the Central...
Yen Climbs While Chinese Shares Slump; Lira Soars The yen strengthened while stocks were mixed as lingering geopolitical concerns offset data showing China’s economy accelerated for...
CBN to Raise Dollar Supply to BDCs to $40,000 Weekly The Central Bank of Nigeria (CBN) has resolved to raise dollar supply to Bureau De Change...
CBN Releases Fresh $250m Forex for Agric, Other Sectors The Central Bank of Nigeria on Wednesday, released additional $250m on seven to 30 day forwards for...
NZDCAD Breaks Key Support; Further Sell Opportunity? I first mentioned this pair sell potential in December but after hitting our target at 0.9298, it rebounded. Reaching...
Gold Gains With Treasuries and Yen on Haven Demand Gold and Treasuries strengthened with the Japanese yen on lingering investor concern about global security risks and...
BDCs Seek FX Rate Review, Increased Allocation The Association of Bureaux de Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN)...
CBN Opens Special Forex Window for SMEs The Central Bank of Nigeria on Monday said it had opened a special foreign exchange window for the Small...
Dollar Enjoys Support From Dudley Comments Before Yellen Q&A A post-U.S. payrolls rebound in the dollar and Treasury yields kept driving thin markets on Monday before...
