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FOREX MARKET
News and analysis about forex market
Bureau De Change (BDC) operators under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have called on the Central Bank of Nigeria (CBN) to allow them to provide liquidity in the retail end of the foreign exchange market.
This is according to Nigeria’s Integrated National Financing Framework (INFF) a report commissioned by the government
Experts explore the possibility of what could happen if the CBN stopped the sale of dollars to banks.
The CBN is looking to boost the value of the naira and thus strengthen the economy of the country.
The exchange rate at the I&E window is different from the CBN’s published exchange rate.
The naira was strengthened on Wednesday as it appreciated to N386.94 to a dollar at the Investors and Exporters (I&E) window, after the day’s trading session
The naira made a rebound in the foreign exchange market as it gained against the dollar at the parallel market.
Funding rates to hover around current levels next week barring any significant flows.
The Naira has appreciated to N386.94 against the US dollar at the Investor and Exporters (I&E) window.
Naira depreciates to N410 per dollar as local currency weakens
Speculators strike as exchange rate falls to N366/$1, stocks lose another N1 trillion.
A CBN report has revealed that the serving of domestic debt instruments cost the Federal Government a whopping N1.799 trillion in 2018.