Foreign Exchange Trading: Anti-Corruption Unit calls for transparency, ethical dealings
The Anti-Corruption and Transparency Monitoring Unit has called for transparency and ethical dealing in the Nigerian Forex markets trading, stressing that transparency and ethical dealings will enhance the growth of the forex trading in the country.
CIBN commends forex policies on SMEs
The Chartered Institute Bankers of Nigeria (CIBN) has commended the Federal Government over the foreign exchange (forex) policy initiated by the Central Bank of Nigeria (CBN) in 2017, noting that it has stimulated the growth of Small and Medium Enterprises (SMEs).
Young Nigerian entrepreneur who made his fortune trading online Forex and Crude oil
It presented to me a very good opportunity to make profit from the fluctuation of oil price, and the price of crude oil affect the price of every other products including currencies.
‘Forex, crude oil price volatility remain key risk to businesses’
As the nation’s business environment continues to show encouraging signs of improvement through resurgence in consumer confidence, moderating inflation, amongst others, KPMG Nigeria has indicated that Foreign Exchange (Forex) and crude oil volatility top the list of 10 risks for Nigerian businesses this year.
Vandalism, theft, sabotage, forex, reasons for network interruption – Telecos
Telecom operators on Saturday blamed intermittent interruptions on network on vandalism of base stations, destruction of optic fibre, high forex and shutting of base stations by government agencies.
Forex: CBN injects $325.64m into SMIS
The Central Bank of Nigeria (CBN) has injected $325.64 million into the Retail Secondary Market Intervention Sales (SMIS).
Forex: Bankers Committee cancels commission on BTA, PTA, others
The Bankers Committee yesterday decided that banks should no longer charge commission on foreign exchange transactions for Business Travel Allowance (BTA), Personal Travel Allowance (PTA), payment of medical bills and school fees.
I & E forex window attracts $17.86bn transaction value in 6 months
The Investors & Exporter, I &E Foreign Exchange, FX Window has attracted $17.86 billion transactions value since April this year when it was introduced, according to data from the FMDQ OTC Securities Exchange Plc.
Forex restrictions, counterfeiting affecting our business – BIC
LIGHTERS & Shavers BIC West Africa said foreign exchange restrictions placed on some items by the Central Bank of Nigeria (CBN) along with product counterfeiting have negatively impacted on the company’s operations.
Forex: CBN to sanction erring banks
By Emma Ujah, Abuja Bureau Chief and Peter Egwuatu
Nigeria’s forex inflow hits $1.79bn in Q2 ’17 — NBS
THE National Bureau of Statistics (NBS) has estimated total value of capital imported into Nigeria in the second quarter of 2017 at $1.79 billion. Capital importation denotes inflow of foreign currency into the country in cash or goods by investors or lenders.
