Forex: Turnover in I&E rises 43% to $1.3bn in February
The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market rose by 43 percent, month-on-month, to $1.3 billion in February from $906.44 million in January 2021.
![[Updated] Buhari directs CBN to suspend forex for food items, fertiliser](https://cdn.vanguardngr.com/wp-content/uploads/2020/08/PRESIDENT-BUHARI-IN-A-VIRTUAL-ECOWAS-EXTRAORDINARY-SESSION-ON-MALI-CRISIS-2A-scaled.jpg?auto_optimize=low&width=250)
CBN moves against forex abuse
…Introduces Product Price Verification Mechanism By Emma Ujah The Central Bank of Nigeria, CBN, has moved against unscrupulous Nigerians and corporate, who abuse the Form M system through over-pricing as it introduces Product Price Verification Mechanism (PPVM). It has, therefore, directed authorised dealers to use the PPVM to verify quoted prices of goods and services […]
Forex inflows decline 25% to $9.7 bn in April
Foreign exchange (forex) inflows into the country’s economy declined by 25 percent in April 2020 to $9.7 billion from $12.9 billion in March 2020. This was due to the weak global demand for oil on account of Coronavirus (COVID’19) Pandemic.
Commodity Exchange: Expand agric to boost forex, securities dealers tell FG
Top securities dealers in Nigeria have urged the Federal Government to expand the agriculture sector to create job opportunities for youths and leverage Commodities Exchanges to grow the country’s foreign exchange earnings, forex, in view of dwindling income from the international oil market.
Forex rationing pressures parallel market rate
The declining fortune of the Naira against the dollar in the parallel market is expected to persist this month with the exchange rate rising to N480 per dollar by the end of the month.
Turnover in I&E forex window falls by 6% to $937m in July
The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell by six percent, month-on-month, to $937.27 million last month from $992.12 million in June, 2020.
