TAG: CBN FOREX POLICY

Currency futures Trading volume wanes as rates converge

The volume of trade in the Nigerian currency futures market has dropped dramatically since the CBN came up with...


All the major economic news from Nigeria in 5 minutes – 08/6/2017

Summary of the top business, economic and political news in Nigeria today.   Nigeria’s manufacturers, airlines, fuel importers and...


Fitch gives Emfiele’s signature FX Policy pass mark

After so much criticism for its forex policies from international analysts, the Central Bank of Nigeria has finally received...






Forex forwards sold by the CBN since July 2016

Nairametrics| The Central Bank of Nigeria has so far sold a total of $5,747.76 in Forex forwards since June...


Why recent oil price slide could affect outlook for exchange rate

Oil prices have extended losses this week with the Brent crude sliding by 2.4% to about $47 this week....






CBN’s New FX Window For Investors and Exporters Explained

Nairametrics| The Central Bank of Nigeria on Friday opened a new special forex window dedicated to investors, exporters and...


CBN “Frees Naira” As It Creates New Window for Investors & Exporters

Nairametrics| The Central Bank of Nigeria (CBN) has created yet another FX window for investors and exporters. The apex...


CBN’s Issues Form Q For SME’s; What You Need To Know

Nairametrics| The Central Bank of Nigeria last week announced that it had created a new window for SME’s to...



Does This Chart Support IMF’s Claim That Naira Is Overvalued?

Nairametrics| Since the Central Bank of Nigeria rolled out its revised forex policy on February 21st 2017, the initial...


Timeline: Forex Decisions Taken By The CBN Since February 2017 (Updated April 10 2017)

Nairametrics| The reign of Godwin Emefiele as CBN Governor will perhaps go down in history as one of the...


What Next After Exchange Rate Drops Below N400 For First Time Since August 2016?

Nairametrics| The exchange rate between the naira and the dollar on the parallel market has dropped below N400 for...


What We Experienced Trying To Buy Forex From Some Banks

Nairametrics| The new CBN’s forex policy has been in operation for a little over two weeks now. The policy...





Tomato Union Says Tomato Paste Industry May Cease to Exist in 2017 If Ban on FX Is Not Lifted.

The spokesman to the Union of Tomato Paste Manufacturers in Nigeria, Mr. Nnamdi Nnodebe has said that the once...


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...



Emefiele Reveals CBN Sold $66 billion To BDC’s In 11 Years

Emefiele is blaming this particular action of past administrations for depleted foreign...


FG’s Policies Are Ineffectual- NLC

NLC Chairman, Ayuba Wabba criticizes the policy direction of the government, labeling it as ineffectual in solving the economic...


Naira Has Fallen: The Lambs Remain Silent

So for everyone who is wondering why we have “devalued” or “floated” but those foreign investors have refused to...


Exchange rate hits N400/$1 at the parallel market as summer holiday hikes demand

Nigeria’s exchange rate dropped to a new low of N400 to the $1 at the parallel market on Thursday....