Foreign exchange - Page 4

FX reserves increase by $110m in 24hrs, hit $34.7bn

Nigeria’s foreign exchange reserves have reached a new high of $34.7 billion, according to data released by the Central Bank of Nigeria (CBN) on Sunday, marking a significant increase of $110 million

6 hours ago

by Jimisayo Opanuga

Operators want govt to prioritise security, others as FPI dips by 94.5%

Fears around Nigeria’s worsening insecurity, foreign exchange (FX) and other macroeconomic challenges have continued to impact the participation of foreigners in the local economy as total foreign portfolio investments ..

5 months ago

Business·Business News

Foreign investment in equities dwindle amid insecurity, FX challenge

The country’s macroeconomic challenges, especially the prolonged insecurity and foreign exchange (FX) shortage, have continued to stifle foreign portfolio investment (FPI) as participation in the last 12 months of 2023

5 months ago

Business·Business News

Mr President must make Nigerian banks work for Nigerians

In a widely published article of 20 November, 2023, under the title: “Mr President and the forex concerns: An invitation to dare,,” I raised particular issues of significance to the value of

5 months ago

Letters·Opinion

Stakeholders seek incentives for FX-generating firms

To prevent business collapse arising from the lingering foreign exchange (FX) challenges, operators have stressed the need for the government to provide fiscal incentives to sectors that attract FX into the country.

6 months ago

Business·Business News

Experts want government to address FX crisis

Experts said the country would, in 2024, bounce back if the government is willing to fix the foreign exchange (FX) crisis and stabilise the economy.

6 months ago

Business·Business News

Trapped Funds: Foreign airlines, neighbouring countries cash in on Nigeria’s $1.5b travel bazaar

Adeyemi was still basking in the euphoria of relocating abroad when he visited the ABX travel agency. On arrival, he requested a return-ticket bill for a family of six.

1 year ago

Aviation·Business Service

Forex issues, others worsen foreigners’ apathy to stocks

Amid uncertainty, insecurity, sustained foreign exchange liquidity challenge and other macro economic challenges, foreign investors’ appetite for stocks have continued to wane, even as participation from domestic investors accounts for 84 per

1 year ago

Business·Business Service

Legal basis for foreign exchange trading in parallel market – Part 2

Pursuant to its powers under the FEA, The Central Bank of Nigeria had at different times issued several circulars, regulations and guidelines to regulate the activities of the operators and vendors at

1 year ago

Columnists·Opinion

Legal basis for foreign exchange trading in parallel market

The Foreign Exchange Market is primarily a trade in currencies. Buyers and Sellers from different countries get to exchange different currencies between one another.

1 year ago

Columnists·Opinion

CBN, export drive and foreign exchange bind

The content of the press briefing of the Bankers’ Committee held by the chief executive of the Central Bank of Nigeria on 10 February 2022 at the headquarters of the apex bank

2 years ago

Columnists·Opinion

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Foreign exchange - Page 4

FX reserves increase by $110m in 24hrs, hit $34.7bn

Operators want govt to prioritise security, others as FPI dips by 94.5%

Foreign investment in equities dwindle amid insecurity, FX challenge

Mr President must make Nigerian banks work for Nigerians

Stakeholders seek incentives for FX-generating firms

Experts want government to address FX crisis

Forex issues, others worsen foreigners’ apathy to stocks

Legal basis for foreign exchange trading in parallel market – Part 2

Legal basis for foreign exchange trading in parallel market

CBN, export drive and foreign exchange bind

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