Tag: Foreign Exchange Market

November 7, 2023

The Nigerian Naira took a sharp plunge against the US Dollar on Monday, reaching an average exchange rate of 1,030 ...

Swiss National Bank Maintains Policy Rate Amid Inflation Dynamics

September 21, 2023

The Swiss National Bank (SNB) has announced its decision to keep the SNB policy rate unchanged at 1.75%, despite the ...

ABCON Urges CBN to Grant BDCs Digital Autonomy for Exchange Rate Convergence

September 14, 2023

In a bid to achieve exchange rate convergence and enhance the stability of Nigeria's foreign exchange market, the Association of ...

NNPC’s $3 Billion Loan Deal: Nigeria’s Economic Rollercoaster Ride

September 11, 2023

The Nigerian National Petroleum Corporation (NNPC) is currently embroiled in a financial saga that is sending shockwaves through Nigeria's economy. ...

EIU Predicts Naira’s Decline to N1,018 per Dollar Amidst Soaring Inflation.

CBN Introduces BDC Reforms to Boost Efficiency in Foreign Exchange Market

September 12, 2023

In a strategic move to enhance the efficiency of Nigeria's Foreign Exchange Market, the Central Bank of Nigeria (CBN) has ...

Widening Gap After Exchange Rate Unification: I&E Window vs. Parallel Market Rate.

The recent unification of the exchange rate in Nigeria aimed to close the gap between the Investors and Exporters (I&E) ...

CBN to Release Full List of Licensed Bureau De Change Operators

The Central Bank of Nigeria (CBN) has announced that it will be releasing the complete list of licensed Bureau De ...

Nigeria’s Financial and Economic Outlook for the First Half of 2023: Evaluating Key Indicators.

Nigeria has been navigating a challenging economic landscape in the first half of 2023. As the country grapples with various ...

GTBank Launches Groundbreaking Forex Product, Disrupting Black Market.