Expect a return to a CBN-controlled exchange rate system – EIU
The Economic Intelligence Unit (EIU) has predicted in its latest report about the Nigerian currency, the naira, that it believes the Nigerian government will go …
Foreign Exchange (FOREX)
Naira slides to N707/$ at parallel market as FX scarcity persists
Nigerian naira, on Wednesday, weakened to N707 a dollar at the parallel section of the foreign exchange market. The figure represents N42 or 7.45 …
No more Forex Rebate for raw produce exporters – CBN
The Central Bank of Nigeria (CBN) has announced that raw produce exporters will no longer be eligible for foreign exchange (forex) rebates. This was …
How Customers scam banks with fake visas, tickets for forex
The Central Bank of Nigeria has vowed to engage financial crime fighting agencies to pursue fraudsters who have been deceiving the banks with fake documents …
Tigerwit: The Best Time to Trade Forex in Nigeria?
If you are reading this, chances are that you are probably looking for reliable information (that doesn’t read like Greek) to help you learn how …
Nigeria’s external reserve slips to 8-month low
Nigeria’s external reserve slips to 8-month low Nigeria’s foreign reserves plummeted further at $34.85 billion on December 14, as the Central Bank of Nigeria (CBN) …
Naira weakens at N500/$1 after new rates by CBN
The naira, on Monday, weakened further at N500 to the dollar after the Central Bank of Nigeria (CBN) adjusted the exchange rate across foreign exchange …
Naira Trades at N570 to a Euro, N620 Per British Pound and N483 to a US Dollar
The Nigerian Naira remained under pressure across the nation’s black market despite the Central Bank of Nigeria (CBN) saying it has enough financial muscle to …
FOREX: CSOs advocate level playing ground for oil marketers
A consortium of Civil Society Organisations (CSOs) have asked the Central Bank of Nigeria (CBN) to ensure level playing ground for all oil marketers in …