nigeria's forex market
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Business CBN Releases List Of Eligible Items Valid For Forex [See LIST]
The Central Bank of Nigeria (CBN) on Wednesday listed the eligible items that are valid for accessing foreign exchange (forex) following misconceptions from the interbank market The CBN, in a circular signed by its Director, Trade and Exchange Department, W.D. Gotring, a copy of which was...- ProfRem
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Business FOREX: CBN Lifts Forex Ban On GTB, FirstBank, UBA
The Central bank of Nigeria (CBN) has lifted ban of three banks to operate at the spot and wholesale forwards segment of the foreign exchange market after the banks provided ‘proof’ of selling forex to Small and Medium Scale Enterprises (SMEs) since the introduction of the special window for...- ProfRem
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Business Naira Edges Towards N500/US$ As Fake Hong Kong Dollars Flow Into FX Market
The value of the naira at the parallel market is dipping towards N500 per dollar even as the Central Bank of Nigeria (CBN) warns of an influx of fake Hong Kong dollars (HK$) in the country’s foreign exchange market. The naira had on Tuesday depreciated in value from N473 to the dollar to N480...- ProfRem
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