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
Central Bank of Nigeria unified foreign exchange rates in a historic move
Nigeria's central bank allowed the naira to drop about 2% on the official market to a record low on Wednesday, but the currency's rate remained above...
The Nigerian Naira has appreciated against the US dollar in the Investors and Exporters (I&E) window of the foreign exchange market, despite a decline in turnover....
Over 40% of deposits in Nigerian banks are now in United States (US) dollars, according to a report by the International Monetary Fund (IMF). The report...
The Sub-Saharan African region has been hit hard by high inflation rates and currency depreciation, with several countries experiencing significant losses in the value of their...
You can trade on the forex market in automatic mode using trading robots. They must be written in a special MQL language so that they can...