CATEGORY: NAIRA EXCHANGE RATE

Emefiele Chides His Critics With Two Very Bizarre “Jokes”

The Central Bank Governor, Godwin Emefiele is well known around the business circles for his controversial policies especially as...


New law: Almighty CBN Seeks Sweeping Powers To Seize Foreign Currency, Restrict Repatriation etc.

The Central Bank of Nigeria is proposing a string of new amendments to the Foreign Exchange, Monitoring and Miscellaneous...


BOOM: FMDQ Suspends Spot FX Closing Rate, Confirming Flexible Exchange Rate Is Broken

The FMDQ OTC, the official market for bonds, treasury bills and forex trading has approved the suspension of the...



Scarcity Of Dollars Hits Parallel Market As CBN Unleashes SSS On BDCs

In another twist in the drama called Nigerian flexible exchange rate market, parallel market operators offered to buy dollars...


Naira Settled Currency Futures Records Highest Daily Trading Volume in October

The daily trading volume of Nigeria Settled FX currency futures   has plunged over the past weeks as the original...


Nigeria Daily FX Futures Market Tracker (Updated October 24, 2016)

A daily update of activities in Nigeria's foreign exchange futures...








Nigeria: Daily Official Exchange Rate Tracker (Updated 16/9/2016)

Official exchange rate of the Naira and three major world currencies....


CBN Issues New Forex Policy On Portfolio Investment For Resident/Non-Resident Nigerians

Another new CBN Policy...this time it is aimed at local foreign portfolio...


Onyema: Why CBN’s Floating of The Naira Has Failed To Attract Foreign Investors

Since the CBN decided to float the Naira, the expected boom in investment has not occurred due to the...



Banks ‘Explain’ Why They Did Not Remit TSA Funds

The CBN on Tuesday announced that it had suspended 9 Commercial Banks from accessing the foreign exchange window because...


CBN’s Order To Banks To Sell 60% of Forex To Manufacturers Could Backfire…

The Central Bank of Nigeria has instructed commercial banks to sell about 60% of their forex to the Manufacturing...



Why Dollar Remains Scarce At The Bureaux De Change Market

A few weeks ago The Central Bank of Nigeria issued a circular instructing commercial banks in Nigeria to start...