Tag: foreign exchange
Nigeria’s FX Reserves Reach Three-Month High as Naira Stabilizes
Nigeria's foreign exchange (FX) reserves have reached their highest level in three months, standing at $33.58 billion, as the naira has shown stability in...
Plans underway to improve foreign exchange liquidity, says Tinubu
President Bola Tinubu has allayed concerns of the business community, assuring them that plans are underway to improve foreign exchange liquidity.
Speaking at the 29th...
Abuja commercial banks comply with CBN forex directive, sell dollar at...
In compliance with the new Foreign Exchange, FX, regulation by the Central Bank of Nigeria, CBN, commercial banks in Abuja have set up dedicated...
NSE watches Foreign Transactions hit N38.8bn
The total foreign transactions on the floor of the Nigerian Stock Exchange (NSE) has risen by 12.69 per cent, from N34.59 billion, which is...
ABCON says collaboration with CBN will strengthen Naira
The Association of Bureau De Change Operators of Nigeria (ABCON), have suggested that a strong collaboration between the Central Bank of Nigeria (CBN) and...
Non-Oil Exporters targeted to boost FX trade in Nigeria
As part of the efforts to increase foreign exchange liquidity in Nigeria, the Central Bank of Nigeria (CBN), has asked all non-oil exporters to...
The Dollar rate affects Nigerian economy
The Nigerian foreign exchange (FX) shortage, is sucking Africa's largest economy dry, even as production retreats towards a second contraction in four years.
GT Bank,...
US dollar faces decline despite reduced COVID-19 cases
US dollar faces decline despite reduced COVID-19 cases
On Tuesday August 4th, a dollar rebound failed, as political wrangling over a U.S. relief plan and...
COVID-19: ABCON Says Nigeria is in foreign exchange crisis
The Association of Bureau De Change Operators of Nigeria (ABCON), has alerted that the country is in a foreign exchange crisis.
ABCON president, Mr. Aminu...