Forex – Page 4 of 5 – Prime Business Africa

Naira Slips Again As Dollar Supply Drops

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why

Fakoyejo Olalekan

2 years ago

Business·Insights

5 Major Reasons Naira Won’t Recover Soon

The naira might not recover anytime soon against the dollar due to five factors within and beyond the control of the Central Bank of Nigeria (CBN). In the past week, the chairman

Fakoyejo Olalekan

2 years ago

Business

MTN, Glo, Airtel To Start Selling Foreign Currencies Amid Forex Scarcity

Telecommunications companies like MTN, Glo, and Airtel can now sell foreign currencies, as the Central Bank of Nigeria (CBN) reveals guidelines for the supervision of Payment Service Banks (PSBs). MTN, Glo and

Fakoyejo Olalekan

2 years ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency

Dollar To Naira Exchange Rate: Dollar Gets New Rate, As Demand Overwhelms Black Market, I&E

October 14, 2022 Dollar Rates Update: The cost of buying one dollar at the black market depreciated to N731/$1 on Friday, as the Bureau De Change operators dropped their asking price earlier

Fakoyejo Olalekan

2 years ago

Business·World News

$600 million Trapped: Emirates Airlines Warns Nigerian Govt, Plans To End Flight Operations

Emirates Airlines have given Nigerian government a condition to resolve the company’s inability to access its foreign exchange or the firm will end its operation in the country. The Dubai firm’s $85

Fakoyejo Olalekan

2 years ago

Business

Access Bank To Deny Non-account Holders Access To Dollar, Others In Five Months, Set FX Allocation Limit

Access Bank has reviewed its foreign currency allocation for Maintenance/Upkeep of Nigerian students in foreign tertiary institutions, as dollar scarcity extends into the second half of the year. The bank said abroad

Fakoyejo Olalekan

2 years ago

Business·Currency

Dollar To Naira Exchange Rate: Dollar Sells At N421 As Trade Value Drops

June 27, 2022: Trading at the Investors and Exporters (I&E) window saw an exchange of $152.96 million, falling by $10.02 million, as the naira depreciated on the official foreign exchange market on

Fakoyejo Olalekan

2 years ago

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Traders Increase Price To Buy Dollars Across All Forex Market

Naira depreciates across all foreign exchange markets on Wednesday, as the United States government protects its currency against inflation by increasing interest rates. In the official forex market, Investors & Exporters window,

Fakoyejo Olalekan

2 years ago

Business·Currency

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

The World has requested an adjustment in the exchange rate of the Investors & Exporters (I&E) window in Nigeria, stating that the rise in oil price has presented the Central Bank of

Fakoyejo Olalekan

2 years ago

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Forex Trade Crashes To Two Months Low

The naira to dollar rate traded flat in the official market on Monday, as the value of foreign currency exchanged fell, nearing a low last recorded on April 4, 2022, while the

Fakoyejo Olalekan

2 years ago

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Forex - Page 4

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

5 Major Reasons Naira Won’t Recover Soon

MTN, Glo, Airtel To Start Selling Foreign Currencies Amid Forex Scarcity

Dollar To Naira Exchange Rate: Dollar Gets New Rate, As Demand Overwhelms Black Market, I&E

$600 million Trapped: Emirates Airlines Warns Nigerian Govt, Plans To End Flight Operations

Access Bank To Deny Non-account Holders Access To Dollar, Others In Five Months, Set FX Allocation Limit

Dollar To Naira Exchange Rate: Dollar Sells At N421 As Trade Value Drops

Black Market Dollar To Naira Exchange Rate Today: Traders Increase Price To Buy Dollars Across All Forex Market

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

Black Market Dollar To Naira Exchange Rate Today: Forex Trade Crashes To Two Months Low

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