New CBN circular permits IMTOs to sell FX directly on Nigeria’s official window
The Central Bank of Nigeria (CBN) has permitted eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX) on ...
Tag: FX liquidity
IMF recommends registering, licensing global crypto trading platforms in Nigeria
The International Monetary Fund (IMF) has recommended that global crypto trading platforms should be registered or licensed in Nigeria and ...
Naira loses grip in black market as U.S dollar takes front foot
The U.S dollar index was back on the front foot on Wednesday, making modest gains after earlier losses from renewed ...
Nigeria’s debt servicing expense doubles to N7.8 trillion in 2023
Nigeria continues to grapple with dwindling revenue amidst rising fiscal expenditure, with debt servicing gulping a huge chunk of government ...
CBN ‘lacks liquidity to support naira’ as derivative deals overwhelm FX reserves – EIU
The Central Bank of Nigeria (CBN) faces a significant liquidity crisis in supporting the naira, as nearly $20 billion of ...
CBN: Do not throw the baby with the bathwater on crypto
Last week, it was reported that the government instructed the NCC to block some crypto website platforms.
Naira face fierce dollar amid improved FX liquidity
The naira traded near its all-time low despite improved liquidity.
MSCI Reclassifies Nigeria from Frontier to Standalone Market, Citing FX Liquidity Concerns
MSCI, a leading provider of critical tools and services for the global investment community, announced the reclassification of the MSCI ...
Nigeria records $1.1 billion foreign trade surplus in last quarter of 2021
Nigeria’s foreign trade balance leapfrogged to a surplus of $1.1 billion in Q4 2021, as export value surpassed import bill ...
Naira falls at official window despite slight improvement in FX liquidity
Friday, 12th November 2021: The exchange rate between the naira and the US dollar closed at N415.1/$1, at the Investors ...
