In order to optimally manage and plan their foreign exchange (FX) requirements and transactions more easily, manufacturers in country have started taking advantage of the over-the-counter (OTC) FX Futures market. This is just as the Managing Director/CEO of FMDQ, Mr. Bola “Koko” Onadele, said that...

The Central Bank of Nigeria (CBN) will this week mop up N245 billion from the interbank money market in a bid to reduce money supply in the economy. Meanwhile, cost of funds in the interbank money market fell by more than 50 percent last...

...As Naira sheds N4.5 in interbank The Central Bank of Nigeria (CBN) has ordered banks to publish details of all foreign exchange transactions on the Financial Market Dealers Quote (FMDQ) platform. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele Meanwhile the naira depreciated by 1.5...