On Friday, the Nigeria Autonomous Foreign Exchange Market (NAFEM) witnessed a substantial decline in dollar sales, plummeting to $84.1 million from the previous day’s $331.1 million,...
The Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a 56% decline in foreign exchange transaction value, according to data obtained from the FMDQ Exchange. This sharp...
Amid persistent foreign exchange (FX) scarcity and sluggish economic growth in high-income economies, Nigerians living abroad have sent home the lowest amount of remittances in nearly...
Nigeria’s foreign exchange market experienced a surge in trading activity to $844 million turnover on February 3, the highest dollar trade since June 2, 2022. This...
In a bid to strengthen the oversight of financial transactions and enhance the stability of the foreign exchange market, the Central Bank of Nigeria (CBN) has...
The President of the Association of Bureau De Change of Nigeria (ABCON), Aminu Gwadebe, has called on the Central Bank of Nigeria (CBN) to utilize the...
Nigeria’s central bank said it had cleared the foreign-exchange backlogs of 14 banks and begun settlements with international airlines. In a statement Wednesday it said that...
Zimbabwe’s embattled currency has taken a hit, plunging by over 40% on the black market as the demand for foreign exchange continues to outpace the available...
Order blocks are favored tools traders use in the foreign exchange (forex) market. They refer to significant price levels that act as support and resistance areas...
Nigeria recorded a N1.36 trillion surge in revenue within six months following the unification of the Nigerian Naira. The increase was documented in the Federation Account...