Tag
FOREX
The Manufacturers Association of Nigeria (MAN) has asked the Central Bank of Nigeria (CBN) to wave many conditions of its forex policy for Manufacturers in the country.
The once-booming telecommunications sector in Nigeria has continued its downward spiral with a continuous decline in the Gross Domestic Product (GDP) growth rate over the last one year.
The Manufacturers Association of Nigeria (MAN) has asked the Central Bank of Nigeria (CBN) to resolve the unsettled $2.4 billion forex forward claims by manufacturers in the country.
About one year after the move by the Central Bank to float the Naira and achieve a unified exchange rate, the market capitalization of the Nigerian Exchange (NGX) has declined by $27.8 billion.
The Federal High Court, Abuja, on Friday, dismissed the bail application of a detained Binance executive, Tigran Gambaryan, following the Federal Government’s opposition.
Some of the fintechs pointed out that the directive may have been misdirected given that most of the accounts involved were commercial bank accounts.
The Association of Bureau De Change Operators of Nigeria (ABCON) said that as of Tuesday, the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market and selling at N1,020/$.
The armed conflict between the coalition, headed by the U.S. and the Yemeni Houthis, is widely known. It has led to enormous volatility in financial markets, but will it have a long-term impact?
Despite the substantial FX losses incurred by MTN Nigeria in FY 2023, approximately 83% of that amount remains unrealized.
When you start learning Forex and take the first steps towards your financial goals, it’s easy to get bewildered by the sheer amount of information available to you.
The forex turnover witnessed a notable increase of 202.97%, reaching $271.50 million, as the Nigerian naira made gains against the dollar in the official market on Tuesday, February 13th, 2024.
Serial digital entrepreneur, Leo Stan Ekeh, has spotlighted the chief reasons why multinationals are exiting Nigeria and warned that if nothing was done, more of such businesses and indigenous ones may close shop in the coming months and years.