Australia Leaves Cash Rate Unchanged at 1.50% The Reserve Bank of Australia on Tuesday left the key interest rate unchanged at 1.50 percent following the continued...
Elumelu Hails Emefiele for Restoring Credibility to FX Market The Chairman of United Bank for Africa, Mr. Tony Elumelu, has praised the Governor of Central Bank...
Naira Appreciates Again at Parallel Market, Sells at N460/Dollar The greenback on Monday crashed against the Naira, as the Nigerian currency gained 5 points at the...
Naira to Reverse Losses this Week, Banks to Process FX Transactions Within 24hrs The Nigerian Naira is expected to reverse the losses recorded against the US...
The US dollar weakened against major currencies on Friday after Federal Reserve Chair Janet Yellen said tightening policy would likely be appropriate this month as long...
Nigerian Banks Battling With Forex Liquidity A global rating body, Moody’s, has said many banks in Nigeria are struggling to handle diminishing foreign currency liquidity. The...
Forex: CBN to Inject Fresh $350m Into Interbank Market The Central Bank of Nigeria is set to pump more United States dollars into the foreign exchange...
Yellen Says March Hike ‘Likely Appropriate’ If Progress Persists Federal Reserve Chair Janet Yellen capped a week of rising expectations about an imminent interest-rate increase by...
BDCs Demand $30,000 Weekly Allocation Bureaux De Change (BDC) operators yesterday called on the Central Bank of Nigeria (CBN) to review their $8,000 weekly allocations upwards...
FX Market Gets Boost as Travelex Sells Dollars to BDCs Liquidity in the foreign exchange (FX) market got a boost, following yesterday’s sale of dollars to...
