Amidst economic challenges, Nigeria’s official foreign exchange market, the Nigerian Autonomous Foreign Exchange Market (NAFEM), grappled with a significant 14.96% dip in turnover from N4.15tn to...
The Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON), Mr. Sam Onukwue, has expressed concern over the impact of foreign exchange (forex) speculators...
In a financial rollercoaster ride, eight prominent Nigerian companies, including Dangote Cement, MTN Nigeria, and Nestle, collectively reported a revaluation loss of N918.1 billion due to...
As the Jim Obazee-led special investigative panel concludes its scrutiny of the Central Bank of Nigeria (CBN), a slew of influential Nigerians entangled in alleged financial...
President Bola Tinubu has pledged to honor the country’s foreign exchange obligations of $13 billion in an effort to ease foreign exchange illiquidity. This significant commitment...
Citigroup has called for the removal of foreign exchange restrictions on 43 items imposed by the Central Bank of Nigeria (CBN) as a critical step to...
Explore adept forex trading strategies for navigating the dynamic large-cap and small-cap currency markets effectively and ethically.
Fitch Ratings Inc. has highlighted a growing divergence between the official and parallel market exchange rates of the Nigerian naira, signaling potential challenges in stabilizing the...
The former Acting Governor of the Central Bank of Nigeria, Adebisi Shonubi, promised to clear the foreign exchange backlogs within ‘one or two weeks.’ However, two...
Nigeria’s President Bola Tinubu brought his message of optimism to the New York Nasdaq exchange this week, calling on investors to “be confident in Nigeria.” However,...