Forex – Page 3 of 5 – Prime Business Africa

Naira Rises Against Dollar, Ends Week On Positive Note

Persisting Forex Crisis Threatens Nigeria’s $1trn Economy Ambition

Analysis by Prime Business Africa has shed light on Nigeria’s struggle to achieve its $1 trillion economy goal amidst the forex exchange market turmoil and the naira’s persistent weakness. The devaluation of

Emmanuel Ochayi

1 year ago

Business·Latest News

C&I Leasing Forecasts 2024 Forex Impact, Ensures Dividends Amid FX Volatility

The Group Managing Director/Chief Executive Officer of C&I Leasing, Mr Ugoji Lenin Ugoji, has highlighted the impact of foreign exchange dynamics in the upcoming year, while assuring shareholders of dividend payouts amidst

Emmanuel Ochayi

1 year ago

Business·Currency

CBN Finally Lifts Forex Restrictions On 43 Items Banned By Emefiele [FULL LIST]

Nine years after the Central Bank of Nigeria (CBN) under its former Governor, Godwin Emefiele, placed restriction on access to the official foreign exchange (forex) market for the importation of some

Victor Ezejaand

Admin

1 year ago

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business·Currency

Access Bank Reduces Forex Payout For International Students, Traders

Access Bank has reviewed its foreign exchange (FX) application for international school fees, a move that indicates other banks might follow suit. Account holders of Access Bank received a message titled; “important information

Fakoyejo Olalekan

2 years ago

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Weakens, Dollar Rate Rises In Official Market

Traders and investors exchanged the Naira and Dollar at N461.50/$1 on Friday, 10 March 2023, the FMDQ Exchange data has disclosed. The foreign exchange (Forex) rate rose from N461.00/$1 reported on Thursday,

Fakoyejo Olalekan

2 years ago

Business·Currency·Insights

How Nigerian Youths, Traders Strengthen Dollar Against Naira, Prospects For 2023

The Naira suffered heavy depreciation against the United States Dollar (USD) in 2022 in the official channel and the Bureau De Change-controlled Black market. Despite some notable policies by the Central Bank

Fakoyejo Olalekan

2 years ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

The volume of foreign exchange (forex) traded on Tuesday, 17 January 2023, fell by 72 per cent in the Investors and Exporters (I&E) window of the official market. According to data obtained

Fakoyejo Olalekan

2 years ago

Business·Currency

Dollar Rate Rises As CBN Finds It Difficult To Supply Forex

The naira couldn’t hold its ground against the dollar on Friday, 13 January 2023, depreciating in value by 0.16 per cent, data from the FMDQ Exchange has shown. According to the data

Fakoyejo Olalekan

2 years ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

As Nigerians celebrate the yuletide period, the dollar rate remains at a premium in the black market, as the naira exchanged at N740/$1 on Tuesday. The exchange rate between the naira and

Fakoyejo Olalekan

2 years ago

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

Business

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged banks to source for foreign exchange (forex) through non-oil exports. Emefiele said Nigerian banks, which consist of GTBank, Zenith

Fakoyejo Olalekan

2 years ago

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Forex - Page 3

Persisting Forex Crisis Threatens Nigeria’s $1trn Economy Ambition

C&I Leasing Forecasts 2024 Forex Impact, Ensures Dividends Amid FX Volatility

CBN Finally Lifts Forex Restrictions On 43 Items Banned By Emefiele [FULL LIST]

Access Bank Reduces Forex Payout For International Students, Traders

Naira Weakens, Dollar Rate Rises In Official Market

How Nigerian Youths, Traders Strengthen Dollar Against Naira, Prospects For 2023

Forex Transaction Drops In Official Market, Dollar Rate Rises In Black Market

Dollar Rate Rises As CBN Finds It Difficult To Supply Forex

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

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