CBN sells dollars to BDCs below market rate at N1,101/$1, BDC...
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change operators (BDCs) advising them to sell $10,000 to each BDC...
CBN increased capital base for commercial banks with international authorisation to...
The Central Bank of Nigeria (CBN) has increased the capital basis of commercial banks with international authorization to N500 billion and national banks to...
JUST IN: CBN sells forex to BDCs @N1,251/$1, instruct them not...
The Central Bank of Nigeria has sent a circular to BDCs alerting them that they had sold $10,000 to each BDC at a rate...
“Naira looks Cheap”, to appreciate to N1,200/$1 – Goldman Sachs
Goldman Sachs analysts Andrew Matheny and Bojosi Morule forecast a large increase in the exchange rate to N1,200/$ in 12 months.
This represents a huge...
JUST IN: Bank of Ghana suspends forex licences of GTB and...
The Bank of Ghana has declared that Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN)'s foreign exchange trading licences will be...
JUST IN: CBN revokes operational licenses of 4,173 BDCs
The Central Bank of Nigeria (CBN) has withdrawn the operational licenses of over 4,000 Bureau De Change (BDC) businesses that fall under its jurisdiction.
The...
Nigerian Government fines Binance $10billion
The Nigerian government has imposed a $10 billion fine on Binance as it continues to tighten down on the cryptocurrency exchange site.
President Bola Tinubu's...
JUST IN: Naira hits a new record low of N1,410 /$1...
On Thursday, the naira sank to a record low of N1,410 per dollar due to significant demand on the parallel market, often known as...
The main reasons why I may be denied a Forex permit
Why can I be refused a Forex permit?
The Forex market is one of the most stable and profitable global financial markets. Therefore, most investors...
Investments in Financial Education: Why Knowledge is the Most Essential Asset
Intelligence is usually compared to a person's knowledge. The more you know, the better you are at a specific field or skill, and you’ll be...