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Forex

Decentralising Currency Control: CBN Mandates Banks to Determine Forex Rates

ABUJA, NIGERIA - The Central Bank of Nigeria, CBN, has announced on Wednesday, June 14, 2023, that it will now allow commercial banks to...

EFCC Arrests 8 Forex Traders In Kano

Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested eight suspected forex racketeers in Kano. Some of the suspects were nabbed for engaging...

5 Qualities To Look Out For When Choosing A Forex Broker

To trade forex, you need a broker. Forex brokers facilitate the process by providing a trading platform. This is where you buy and sell...

Forex Market And Fundamental Analysis For Beginners

The Foreign Exchange Market or Forex is a dynamic place where situations keep on evolving. Price changes take place in global commodities, currencies and...

Fuel Subsidy: FG Spent 221 Billion Without Appropriation – House Of Reps

The federal government spent N222.1 billion on fuel subsidy between January and July 2015 without approval from the National Assembly, despite the fact that...

Rice And Cement ImportersTo Stop Accessing Forex From Banks – CBN

NAN - The Central Bank of Nigeria (CBN) says importers of rice, cement and other products will no longer access Foreign Exchange from CBN,...

Inflation Rises To 8% In May Due To Higher Food Prices

Nigeria's year-on-year consumer price index (CPI) which measures inflation rose to eight per cent in May compared to 7.9 per cent the previous month,...

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