Financial trading is a thrilling but challenging endeavor. While there are no guarantees in the world of finance, adhering to some fundamental principles can significantly improve...
Guaranty Trust Holding Co., the parent company of Guaranty Trust Bank, has exceeded all forecasts by revealing a $468 million windfall from its foreign exchange holdings....
In a recent interview on Africa Independent Television (AIT), Hassan Mahmud, the Director of the Monetary Policy Department at the Central Bank of Nigeria (CBN), responded...
The Central Bank of Nigeria has taken a significant stride toward enhancing the Bureau De Change (BDC) segment of the foreign exchange market by introducing an...
Economist Intelligence Unit Predicts Bleak Outlook for Naira Exchange Rate by 2027
This decision aims to inject liquidity into the Investors & Exporters (I&E) foreign exchange market, according to a reliable source familiar with the matter.
The suspicion is that Nigeria's external reserves are much less than what the CBN reports. The level of opacity is alarming and is a real drag...
CBN Eases Restrictions on Cash Deposits into Domiciliary Accounts
KPMG Nigeria has projected that the foreign exchange (FX) rate in the country will range between N650/$ to N750/$ following the recent floatation of the currency.
The cost of obtaining a Bureau De Change (BDC) license dropped to N15 million following news of the country's transition towards a single exchange rate