The currency market rewards the skilled and the self-disciplined.
The thing about the forex market is that it is highly interesting and also highly lucrative. However, it can also be pretty volatile, which means that you need to know what you're doing if you want to participate in this market.
Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have warned that forex speculators will resist the rapid appreciation of the naira to cover their losses.
The Central Bank of Nigeria (CBN) has announced the approval of the sales of FX to eligible Bureau De Change (BDCs) to meet the demand for invisible transactions.
Dangote Group has revealed that it is targeting around $30 billion in revenues by the year 2025 whilst projecting to become the largest supplier of foreign exchange in the FX market in the future.
Most inexperienced Forex traders lose over 90% of their money before giving up.
Understanding inflation is key to effective financial planning and economic decisions.
A recent report from Agora policy has opined that the recent depreciation of the naira in May reflects the lack of efforts on the part of the Central Bank of Nigeria (CBN) at securing large forex inflows to boost supply liquidity.
The Naira continued its decline across the country's unofficial FX market, depreciating to a new low of 1,540 per dollar on the parallel market despite a falling U.S. dollar index.
One of the most misunderstood terms in Forex trading is swap or Forex swap. To trade successfully, you should understand what Forex swap depends on and how it is calculated.
In the realm of currency trading, it is a well-known fact that most retail traders fail. Failure rates...
The federal government is planning to introduce new rules to the forex market aimed at boosting the value of the naira and stifling the activities of illegal currency trading according to a Bloomberg report quoting a senior government official.
