Forex market: BDC operators warn that speculators will resist naira appreciation
Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have warned that forex ...
Tag: Forex Market
News and analysis about forex market
CBN to sell $20,000 to each BDC at N1,450/$1
The Central Bank of Nigeria (CBN) has announced the approval of the sales of FX to eligible Bureau De Change (BDCs) ...
Dangote Group targets $30 billion in revenue by 2025, to become Nigeria’s largest forex supplier
Dangote Group has revealed that it is targeting around $30 billion in revenues by the year 2025 whilst projecting to ...
Why many turn into Forex trading dropouts
Most inexperienced Forex traders lose over 90% of their money before giving up.
How inflation affects investments and the Forex market: Insights from Octa
Understanding inflation is key to effective financial planning and economic decisions.
Recent Naira depreciation reflects absence of efforts to secure large forex liquidity – Report
A recent report from Agora policy has opined that the recent depreciation of the naira in May reflects the lack ...
Naira loses key support despite U.S dollar index at monthly low
The Naira continued its decline across the country's unofficial FX market, depreciating to a new low of 1,540 per dollar ...
Forex swap: what it is, how it is calculated, and what are swap-free accounts in Octa?
One of the most misunderstood terms in Forex trading is swap or Forex swap. To trade successfully, you should understand ...
Market check-ups before trading the forex market
In the realm of currency trading, it is a well-known fact that most retail traders fail. Failure rates as high ...
FG plans new FX rules to boost value of the naira before December
The federal government is planning to introduce new rules to the forex market aimed at boosting the value of the ...
