Forex, Naira Float Shrink Local Airlines’ Capacity By 42%
The capacity of local airlines operating in the nation's aviation sector has reduced from over 89 to 52 in the ...
Tag: Forex
Forex: CBN Introduces Electronic Transaction System To Reduce Speculations
The Central Bank of Nigeria (CBN) has announced the introduction of electronic foreign exchange matching system for Foreign Exchange (FX) ...
Naira Rallies To N1,350/$1 On CBN Expected Forex Inflow
The naira on Tuesday steadied at 1,350 per US dollar on the parallel market, popularly called black market. On Monday ...
BREAKING: EFCC Freezes 300 Accounts Over Suspicious Forex Deals
The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that the anti-graft agency has discovered ...
CBN Slashes Cargo Clearance Forex At Ports By 0.76%
The Central Bank of Nigeria (CBN), on Wednesday, slashed the exchange rate for computing Customs duties at the nation’s seaports ...
CBN’s Move To Restore Confidence, Boost Forex Liquidity
The Central Bank of Nigeria has in the past week issued series of circulars aimed at boosting liquidity in the ...
Again, CBN Raises Import Duty Forex Rate, 4th Time In 10 Days
The Central Bank of Nigeria (CBN) has raised the exchange rate for computing Customs duties at the nation’s seaports again, ...
Kano Forex Traders Limit Transaction Hours To Boost Naira Value
The foreign exchange traders at the popular WAPA Forex Market in Kano have limited the period of time for buying ...
Forex: Hoarding, Poor Confidence Driving Scarcity – Adenikinju, MPC Member
President of the Nigerian Economic Society, Prof Adeola Adenikinju has flayed the current low value of the naira, insisting that ...
Forex: CBN Warns Dealers Against Inaccurate, Misleading Transactions’ Reporting
The Central Bank of Nigeria (CBN) has warned all authorised dealers in the foreign exchange market against reporting inaccurate and ...