Digital Currency Evolution Transforming Nigerian Forex Market Dynamics
In recent years, the advent of digital currency has begun to redefine the financial landscape across the globe. This transformation ...
Tag: Forex Market
Forex Market Grows 226% In 6 Months – CBN
Nigerian Autonomous Foreign Exchange Market’s daily turnover surged by 226 per cent in the first half of 2024 compared to ...
Senate Rejects Bill To Establish Forex Market In Nigeria
The Senate on Thursday rejected a proposed bill that aimed to establish a foreign exchange market in Nigeria. The bill, ...
CBN Begins Forex Sales To BDCs, Fixes 1.5% Selling Band
The Central Bank of Nigeria has issued a circular addressed to Bureau De Change operators (BDCs), revealing that each BDC ...
$1.8bn Flows Into Forex Market After Reforms – Federal Govt
The federal government has said that $1.8 billion flowed into the forex market last week on the back of its ...
EFCC Clamps Down On Kano Forex Market Operators
An operation by security operatives led by the Economic and Financial Crimes Commission (EFCC), in Kano has raided the popular ...
CBN Enforces 50% Limit On Oil Companies’ Forex Repatriation
The Central Bank of Nigeria (CBN) has made a significant announcement concerning the repatriation of foreign exchange earnings by International ...
‘Exchange Rate Unification Imperative For Functional Forex Market’
Ex-banker and financial analyst, Mr. Steve Morka said the unified exchange rate is an imperative for the functional forex market ...