Tag: Forex
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Q2 2024 Saw A $17 Billion Increase In Net Foreign Exchange Inflow Into Nigeria
In the second quarter of 2024, Nigeria's net foreign exchange (forex) inflows increased significantly, indicating a noteworthy improvement in the country's forex dynamics despite...
Stable forex viewed as influx for Nigerian aviation fuel costs
Asharami Synergy Limited, a downstream business of the Sahara Group, claims that stability in Nigeria's foreign exchange market might have a major positive impact...
EFCC Releases Names of 1,146 Bank Accounts to Be Frozen Over Unauthorised Forex Transactions
The Economic and Financial Crimes Commission (EFCC) has unveiled a list of 1,146 bank accounts set to be frozen due to suspected involvement in...
Forex Derivatives Market Conversion Falls By 57.76% In August
In August 2023, the Foreign Exchange (forex) derivatives market segment saw a total turnover of $1.49 billion (₦1.14 trillion), indicating a fall of 57.76...
FOREX: CBN warns against engaging in speculative activities in the market
Nigerians have been warned by the Central Bank of Nigeria (CBN) not to fall prey to the speculative practices of some participants in the...
