It’s Real!! CBN Confirms Major Drop In Foreign Direct Investment & Foreign Portfolio Investments in 2013 Q3
The CBN released its 2013 Q3 external sector development showing huge declines in Foreign Portfolio Inflows as well as Foreign ...
Tag: Black Market
News and analysis about black market
U Turn: CBN Removes $250,000 Weekly Sales Limit on BDC
The battle to save the Naira was never going to be an easy one especially in an election year. It ...
Argentina Blames Online Shopping For Dwindling Forex Reserves and Decides To Fight It In A Rather Bizarre Way
It appears Nigeria is not the only country facing depleting forex reserves. However, whilst the CBN blames public sector spending, ...
Who Is Buying? Bureau de Change Consume $1billion Weekly
According to the Nation report; Bureau de Change operators consume on the average, over $1billion in foreign exchange transactions per ...
75% CRR: These Are The 4 Axis Of Evil Threatening The Economy And Why CBN Had To Go All Gunz Blazing
The CBN in its latest MPC meeting raised its Cash Reserve Requirements on public sector funds from 50% to an ...
Exchange Rate Opens Week @ N173 To $1 At Black Market
The naira depreciated marginally against the United States dollar at all the forex market segments last week due to strong ...
Black Market (N173) vs CBN (N155.7)||Naira Drops Marginally as RDAS Reopens
The Deputy Governor, Corporate Services, CBN, Alhaji Suleiman Barau recently said the naira has outperformed the greenback and other international ...
Need Forex? These Options Are Cheaper and Better Than Black Market
A friend was going traveling out of the country for the Xmas holiday with his family. It is a yearly ...
$400million Pumped Yesterday Alone Yet Dollar Still Trading At N166
The Central Bank of Nigeria (CBN) yesterday increased its supply of the dollar at the Retail Dutch Auction System (RDAS) ...
Difference Between WDAS & RDAS
The Central Bank recently introduced sweeping Foreign Exchange guidelines that is expected to eliminate or drastically reduce money laundering as ...
