CBN attributes forex market instability to seasonal demands
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has attributed the recent instability in the foreign exchange market to ...
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Tag: Forex
Forex: Naira undervalued by 41% – Report
A recent analysis by the Financial Derivatives Company (FDC), has revealed that the true value of the Nigerian Naira stands ...
CBN approves sale of dollars to BDCs
The Central Bank of Nigeria (CBN) has introduced new measures to achieve a market-determined exchange rate for the Naira. The ...
Naira plunges above 1300 per dollar at parallel market
This is as it closed trading on the Peer-to-Peer cryptocurrency window at N1,315.3/$1 on the day. Bureau de Change Operators ...
Exchange rate crashes to N983/$1 as forex traders say there is no dollar to sell
The exchange rate between the naira and the dollar plunged to a record low of N983/$1 at the black market ...
Forex Shortage: Nigerian airlines unable to pay insurance fees
In a startling revelation at the third edition of the AviaCargo Chinet Conference held in Lagos, Ibom Air's Chief Operating ...
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