CBN Introduces New Guidelines for Interbank FX Trading via EFEMS
The Central Bank of Nigeria (CBN) has introduced new guidelines for foreign exchange trading through Matching System (EFEMS), starting from ...
Tag: FX
Nigeria’s State Govt. Face Rising Debts Amid FX Crunch and Low Revenue
A potential debt crisis is putting pressure on Nigeria's state governments, as they face difficulties dealing with the harmful effects ...
CBN Sets $100,000 Minimum for FX Trades in New Guidelines
The Central Bank of Nigeria (CBN), in its ever-so-generous quest to "streamline" the foreign exchange market, has introduced fresh guidelines ...
Mutual Funds Assets Surge By 81.5% To N3.5 Trillion, Driven By FX Appetite
In the first nine months of 2024, Nigeria's mutual funds industry saw a significant increase of 81.5% compared to the ...
Nigerian Breweries Face Significant Losses Due To FX Revaluation Woes
Nigeria's top breweries, including Nigerian Breweries, Guinness Nigeria, and International Breweries, have faced big losses in 2023 and the first ...
FX Spot Rate Stability Boosts Financial Stock Performance on NGX
The Financial services industry is the leading performer in the equities sector of the Nigerian Stock Exchange (NGX), having accounted ...
Dangote Groups Secure $105.33 Million In CBN FX Auction
Dangote Group's subsidiaries have emerged as major beneficiaries of the latest Retail Dutch Auction carried out by the Central Bank ...
CBN Reports $25.4 bn Net FX Inflows
The Central Bank of Nigeria (CBN) has announced a significant increase in net foreign exchange flows, reaching $25.4 billion in ...
MTN and Airtel suffer losses from their FX exposures
The operations of MTN Nigeria and Airtel Africa have been severely impacted by the country's foreign exchange (forex) volatility, as ...
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