Tag
NAFEX
Forex traders are wondering what next from the CBN.
The CBN still continues to warn against currency speculators who patronize the black market.
Reports reaching Nairametrics indicates the CBN has instructed bidders at its Secondary Market Intervention Sales (SMIS) to increase...
At the black market, the naira appreciated marginally by N1 to a dollar to close at N461 to a dollar.
The volatility and uncertainty of the forex market seem to persist due to liquidity shortages across markets.
Nigerian stocks are down 8.8% for the year worse than 5.86% in May.
The volatility and uncertainty of the forex market seem to persist due to liquidity shortages across markets.
The rise in demand and contrasting drop in supply has called for another round of devaluation...
Business leaders have given their opinions on CBN's plan to unify the exchange rate of the Naira.
Forex turnover dropped from $90.88 million on Wednesday, June 24, 2020, to $14.68 million on Thursday, June 25, 2020, representing a decline of 83.8%
Naira unification around NAFEX could burn the fingers of speculators.
Forex turnover at the Investor and Exporters (I&E) window on Wednesday, June 24, 2020, stayed relatively flat when compared to the...