Forex: Turnover hit N22tn in seven months on FMDQ
NIGERIA, Sept. 6 – The turnover of foreign exchange on the FMDQ hit N22.98tn ($44bn) in the period between January and July 20...
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Turkish Lira Bounce Back on Aggressive Rate Hike
TURKEY, Sept. 4 – The Turkish lira was hovering around 26.7 per USD, slightly stronger than the recent record lows in response...
Currency Pressure: Economist urged CBN to Take currency swap seriously and reduce reliance on dollars
NIGERIA, Sept. 2 – An economist, Prof. Akpan Ekpo, has urged the Central Bank of Nigeria (CBN) to take seriously the currency...
Dollar set for weekly loss ahead of key jobs data
UNITED STATES, Sept. 1 – The dollar was on course to snap a six-week winning streak against other major currencies on Friday,...
China’s Central Bank Tries to Ease Pressure on Currency — WSJ
CHINA, Sept. 1 – China’s central bank has cut the amount of foreign currency banks need to hold in reserve. The move is...
Nigeria’s External Reserves drop by $915m after Naira float
NIGERIA, August 28 (Economy) – Nigeria’s external reserves dropped by $915m after the Central Bank of Nigeria officially float...
Dollar Hike: ABCON urges FG to stop Binance Operations to Strengthen Naira
NIGERIA, August 9 (Forex) – The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Federal Government...