Tag
FOREX
CBN's Godwin Emefiele had recently advised businesses and individuals to stop patronizing operators in the parallel market because they heating up the foreign exchange market.
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has warned firms and individuals against patronizing the parallel market, popularly called the black market.
the Central Bank of Nigeria surprised the market by injecting estimated $90-$100million to the system.
The T-bills secondary market closed on a bullish note last week as the average yield fell by 38bps to close at 2.28% compared to 2.66% the previous week due to the trading activity in the market following the auction held during the week.
Naira continues on its downward slide against major currencies of the world as it dipped further against the US dollar to stand at an average of $1/N412.
Over 100 Bureau De Change Operators were fined N5 million by the Central Bank of Nigeria for various infractions in the foreign exchange market.
The House of Representatives has decided to probe the Central Bank of Nigeria (CBN) and the Federal Inland Revenue Service (FIRS)...
This why Nigerian Millennials will rather invest in cryptocurrency and ponzi scheme.
The Nigerian Customs Service (NCS) has announced an indefinite total closure of the border to any form of import or export of goods in any category.
In 2015, the CBN released a list of 41 items prohibited from being imported into Nigeria with FOREX sourced from the CBN.
Industry experts have advised the CBN to consider consulting stakeholders before effecting the ban on access to forex for milk importers.
Parallel market exchange rate between the Naira and three of the world's major currencies.