Outlook for naira positive amid fiscal worries going into 2018
Steve Omanufeme
June 19, 2017
Nigeria’s new foreign exchange policy, which has seen the creation of the Investor and Exporters forex window by the Central Bank of
CBN’s forex intervention hits $6bn in five months
Niyi JacobsJune 15, 2017
…I&E window gets $2.2bn in six weeks as naira depreciates to N370/$ The Central Bank of Nigeria’s (CBN) total intervention
CBN targets foreign exchange from exports, directs exporters to register Form NXP
Businessam StaffJune 7, 2017
In a move to shore up foreign exchange earnings for the government, the Central Bank of Nigeria (CBN) has set its targets on exports
Forex liquidity eases trade financing pressures on Nigerian banks
Businessam StaffJune 7, 2017
The Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) mechanism, commonly referred to as the “Investors’ and
Central bank to sell $100m at forward, spot forex auction
Businessam StaffMay 30, 2017
Nigeria’s central bank said on Tuesday it will sell $100 million at a special wholesale spot and forwards auction to improve
Nigeria will exit recession stronger, bigger, Osinbajo assures
Businessam StaffMay 26, 2017
Acting President, Prof. Yemi Osinbajo, on Thursday assured investors that the country would come out of economic recession stronger
Nigeria’s economic metrics seen to trend positive in 2017 on forex availability, stable oil prices
Businessam StaffMay 25, 2017
Barring plunges in oil prices and production cuts, major indicators of the Nigerian economy may be trending towards improvement in
Venezuela launches fifth forex plan in four years
Businessam StaffMay 24, 2017
Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan