CBN warns banks to desist from Forex malpractices
The Central Bank of Nigeria has warned Deposit Money Banks to always observe due diligence and desist from all forms of malpractices in foreign exchange transactions. The apex bank gave ...
The Central Bank of Nigeria has warned Deposit Money Banks to always observe due diligence and desist from all forms of malpractices in foreign exchange transactions. The apex bank gave ...
The Naira currency finished the week stronger against the US Dollar at the Investors and Exporters segment of the foreign exchange market on Friday. At the trading session, the domestic ...
The Bankers’ committee said it had concluded plans to digitise sales of Foreign Exchange across the country. According to a member of the Bankers’ Committee Group, Mr. Segun Agbaje, who ...
…total turnover falls $677m Foreign exchange transactions at the Investors’ & Exporters window declined by 17.2 per cent last week, according to FMDQ Securities Exchange Limited. The Exchange said the ...
The Financial Derivatives Company Limited has described the documentation process required by banks for the sale of foreign exchange as cumbersome. The Central Bank of Nigeria (CBN) Governor, Mr Godwin ...
...says no more business as usual The Central Bank of Nigeria on Tuesday accused foreign embassies, development finance institutions, and other international development organisations operating in Nigeria of forex racketeering. ...
The value of transactions traded at the Nigerian Autonomous Foreign Exchange Rate Fixing stood at $3.01 billion in June. This was according to the data obtained by our correspondent at ...
Nigeria is still battling with foreign exchange inflows despite efforts by the Central Bank of Nigeria, CBN, to boost liquidity in the system. The CBN, in its latest Quarterly Statistical ...
Operators in the telecommunications industry are seeking special consideration from the Central Bank of Nigeria to enable them to get access to more foreign exchange. They said operators were struggling ...
...as investors count loses in trillions The foreign exchange market for so long has been in dire need of an economic solution. The Central Bank of Nigeria has over time, ...