British Sterling Extends Drops Against the Dollar to Fresh 6-Month Low Below $1.2230 after BoE Decision
UNITED KINGDOM, Sept. 25 – The Bank of England bucked the trend in its rate increases last week after 14 consecutive raises. T...
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CPPE call on the new CBN Governor to prioritize clearing forex backlog
NIGERIA, Sept. 25 – The Centre for the Promotion of Private Enterprise (CPPE) has called on the newly appointed Governor of th...
Crypto: Transactions in Nigeria increase to $56.7bn as naira depreciates
NIGERIA, Sept. 21st – Naira devaluation in 2022 resulted in crypto transaction volume moving to $56.7bn year-on-year according...
Yuan Weakness: China tells brokerages to reduce proprietary FX trading amid the situation – sources
CHINA, Sept. 15 – China’s central bank told some brokerage companies this week to scale back their proprietary foreign e...
Forex Scarcity: Naira weakens to N950/dollar as situation worsens
NIGERIA, Sept. 14 – The naira fell further to the dollar on Wednesday after closing at 950/$ at the parallel market. Bureau de...
CBN directs commercial banks to stop spending Forex revaluation gains
NIGERIA, Sept. 12 – The Central Bank of Nigeria (CBN) issued a directive instructing commercial banks on Monday to refrain fro...
Forex: Forget exchange rates unification, Lemo tells CBN
NIGERIA, Sept. 11 – The Central Bank of Nigeria (CBN) should abandon the merger of the parallel and official exchange rates, a...
Forex earnings gains momentum as trade surplus hits N2.22tn
NIGERIA, Sept. 8 – Nigerian foreign exchange earnings grew in the first six months of 2023 as the foreign trade surplus rose t...
Banking Index Up 54.80% YtD on Forex Unification, Corporate Earnings
NIGERIA, Sept. 6 – Following the economic reforms by President Bola Tinubu headlined by foreign exchange unification and impre...
Forex: Ukraine’s reserves drop to $40.4 bln as of Sept 1 – central bank
UKRAINE, Sept. 6 – Ukraine’s foreign currency reserves slipped to nearly $40.4 bln as of Sept. 1, the central bank said...