Speculators’ll Lose Billions On Forex Sales Resumption, Says ABCON   The Association of Bureau De Change Operators of Nigeria has said that currency speculators will lose huge funds as the Central Bank of Nigeria plans to resume dollar sales to over 5,000 Bureau De Change operators...

Bonds Yields Dip, Naira Strengthens After Rate Cut   The Federal Government’s five-year bond yield dropped by more than 200 basis points on Friday, after the Central Bank of Nigeria (CBN) cut Monetary Policy Rate to 12.5 per cent from 13.5 per cent. Bonds yields fell across...

BDCs Caution Members Against Speculation, Dollar Exchanges N461/$     The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money. This came as the dollar was on Wednesday...

Dollar Sells For N445 As Forex Scarcity Persists   The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex market. The extension of the ban placed on flights in the country by the Federal Government, as part...

Forex: Naira Gains, Exchanges 430/$     The naira sold for N430 to a dollar on Monday, gaining some strength over previous week’s sales figures, following the resumption of forex sales by the Central Bank of Nigeria on April 29, 2020. After four weeks of forex sales suspension,...

Dollar Sells For N450 In Parallel Market     The dollar sold for N450 in the parallel market on Friday, showing a shallow and dry reflection of the foreign exchange market. Impact of the crude oil prices which had been fluctuating, and fell to as low as $21,...