FOREX

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Forex rate convergence imminent

Forex rate convergence imminent

THE steady appreciation of the naira in the Nigeria Autonomous Foreign Exchange (NAFEX) window, also known as Investors & Exporters window will persist this week, with the NAFEX rate falling to N360 per dollar. Meanwhile, volume of transactions in the NAFEX window reached $2.5 billion last week from $2.2 billion two weeks ago.

Investors & Exporters forex window sustaining rally in stocks — ASHON boss

Investors & Exporters forex window sustaining rally in stocks — ASHON boss

The Chairman, Association of Issuing Houses of Nigeria, ASHON, Chief Patrick Ezeagu, in this interview with Financial Vanguard, spoke on monetary and fiscal policies affecting the stock market, forth coming capital market summit and how government’s patronage, among others can boost the Nigerian capital market

CBN releases list of 36 items valid for access to forex

CBN releases list of 36 items valid for access to forex

The Central Bank of Nigeria yesterday released list of 36 items valid for access to foreign exchange in the foreign exchange market. In a circular to all banks and the general public yesterday the CBN said that the list of the 36 items valid was released to clarify misconceptions about details of the 41 items banned from accessing dollars in the foreign exchange market.

CBN governor briefs Buhari over forex crisis

CBN governor briefs Buhari over forex crisis

Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele on Thursday briefed President Muhammadu Buhari over the instability in the country’s foreign exchange market which has continued to impact negatively the value of Naira.

Forex: Cost of funds hits 200% in interbank market

Forex: Cost of funds hits 200% in interbank market

The huge dollar sales by the Central Bank of Nigeria, CBN, yesterday, caused intense scarcity of funds in the interbank money market, which prompted cost of funds to rise sharply to 200 per cent.

Forex complains:  CBN releases telephone line

Forex complains: CBN releases telephone line

The Central Bank of Nigeria (CBN) has released an emergency mobile phone line for customers denied access to foreign exchange by banks for medical bill and school fees.