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Currencies
Naira Trades at N736 To Dollar at I&E Window
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The Naira on Thursday traded at N736.62 against the dollar at the investors and exporters (I&E) window.
The I&E window is the country’s official exchange...
Naira Trades at N740 To Dollar At I&E window
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The naira on Friday appreciated by 2.93 percent to close at N740.38 to a dollar at the investors and exporters (I&E) window.
The I&E window...
China Central Bank Restricts Bond Sales To Support Yuan
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China's central bank has asked domestic lenders to scale back outward bond investments according to two sources with direct knowledge of the matter, the...
NGX Mulls Dollar-Denominated Bond, Stock Listings to Boost FX Liquidity
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The Nigerian Exchange Limited (NGX) has disclosed its proposal to allow companies list bonds denominated in dollars on the bourse.
Temi Popoola, chief executive officer...
CBN Releases New Guidelines For Forex Sale by BDCs
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The Central Bank of Nigeria (CBN) has released fresh guidelines for the sale of forex by Bureau De Change (BDCs) operators within the country.
This...
CBN Opens FX Price Verification Portal For Importers
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The Central Bank of Nigeria (CBN) has announced a foreign exchange (FX) Price Verification System (PVS) portal to enable importers to access forex.
The CBN...
CBN Plans To Adopt New Measures To Stabilize Falling Naira
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The Central Bank of Nigeria (CBN) has revealed plans to adopt new measures to stabilize the naira from falling against the dollar.
Acting Governor of...
Naira Loses Value Against Dollar
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The naira on Monday depreciated against the dollar, exchanging at N774.78 at the investors and exporters window.
The naira lost by 4.27 per cent when...
Dangote Cement, Ethiopian Airlines in $100m Currency Swap
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The Federal Government of Nigeria and Ethiopia’s central banks have reached a deal to swap $100 million in funds blocked as a result of...
Dollar Drought Haunts Frontier Economies
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As Pakistan spiralled into crisis this year, Wilson Muthaura pressed its government to put the tea Kenya's KTDA co-operative produces 3,400 miles away on...