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Posts Tagged "forex trading"

HomePosts Tagged "forex trading"
  • CBN

The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November. A statement issued in Abuja by Isaac Okorafor, the bank’s Director of Corporate Communications, noted that the amount was in addition to […]

The Association of Bureau De Change Operators of Nigeria (ABCON) has said that Central Bank’s new corporate governance policy limiting the tenure of directors of BDCs might be difficult to implement. Aminu Gwadabe, President, ABCON, told the News Agency of Nigeria (NAN) on Sunday in Lagos that the difficulty would arise because the business of […]

The Naira on Tuesday appreciated against the dollar at the parallel market, exchanging at N360 to the dollar, stronger than N361 posted on Monday. At the Bureau De Change (BDC) window, the Naira was sold at N360 to the dollar, while the Pound Sterling and Euro closed at N477.5 and N413. Trading at the investor’ […]

The dollar extended losses in Asia on Thursday after the Federal Reserve stuck to its target for interest rate hikes this year, but fresh fears of a trade war hit equity markets as Donald Trump prepared new sanctions on China. After one of the most anticipated meetings in recent months, the central bank lifted borrowing […]

Oyetunji Abioye The naira closed at 362 per United States dollar at the parallel market on Wednesday, two days after the Central Bank of Nigeria injected $210m into the foreign exchange market. The local unit had closed at 363/dollar on Tuesday. The naira has been trading between 360 and 363 in recent weeks as the […]

The Nigerian currency, Thursday depreciated to N360.4 per dollar in the Investors and Exporters (I&E) window of the foreign exchange market. Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the window rose to N360.40 per dollar, Thursday, from N360.21 per dollar on Tuesday, indicating a 19 kobo appreciation […]

Oyetunji Abioye The naira may depreciate against the United States dollar at the Investors and Exporters Window to 386 from the current average of 360, PricewaterhouseCoopers has said. In its economic outlook for 2018, which was released on Tuesday, the professional services firm said increased foreign exchange demand ahead of the 2019 general election might […]

If rising reserves, oil prices in the international market and foreign exchange (forex) market liquidity are sustained, the Naira may be strengthened against other currencies from now till a greater part of 2018. The development may spell doom for currency speculators and hoarders, including politicians who may have reserved some foreign currencies for 2019 electioneering […]

Oyetunji Abioye   The naira weakened to 364 per United States dollar at the parallel market on Monday, despite the injection of $210m into the interbank foreign exchange market by the Central Bank of Nigeria. This latest injection came barely two trading days after the CBN injected $262.5m into the inter-bank foreign exchange market. The […]

The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world’s top economy. The fall in the greenback was mirrored in a broad sell-off in regional equities as traders ignored another record […]