FX spot market posts $5.17 billion turnover in November -Report
Spot FX market turnover in November 2023 was $5.17 billion (N4.33 trillion), representing a Month-on-month (MoM) increase of 10.94% ($0.51 ...
Tag: FX
Like a Yo-Yo: Naira descends to N841.14/$1 against dollar, mirroring market instability
The naira fell against the U.S. dollar at the official but gained marginally at the parallel market after the local ...
CBN ban on 43 items lifted: Rational move but still more like clearing the cobwebs
In our view a major factor contributing to the existence of the wide premium between the official and parallel market ...
How CBN can restore confidence to drive FX inflows — Zeal Akaraiwe
As the CBN's newly appointed governor assumed office, the primary task before the leadership of the apex bank will be ...
Fuel subsidy removal, new FX framework will support foreign investments in Nigeria – FocusEconomics Analysts
Analysts predict that eliminating fuel subsidies and implementing a new FX framework will encourage foreign investments in the country.
A breather for banks and domiciliary account holders
The recent directives issued by the Central Bank of Nigeria (CBN) has provide further guidance to Deposit Money Banks (DMBs) ...
Why foreign investors avoid Nigeria’s stock market – Simon Kitchen
Simon Kitchen, Head of Strategy, and Research at EFGs explained why foreign investors avoid Nigeria's equities despite a 10% EM ...
Experts canvass policy reform on FX, others to attract foreign investors to Nigeria
In terms of the policy response, Nigeria has perhaps been more tested than many other economies
Nigeria’s banking sector leads, attracts $1.47 billion foreign inflows in six months
The decline in the number of foreign inflows has caused a huge FX supply shortage in the economy, piling more ...
Nigerians increasingly demanding for Forex as scarcity persists
Nigeria is experiencing one of its worst FX crises in history due to increasing demand for FX amidst low supply.
