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Banks’ Income From Forex Trading Rose By 114% To N145bn

Banks’ Income From Forex Trading Rose By 114% To N145bn         Notwithstanding the sharp depreciation of the Naira and the acute dollar shortage in the economy, income from foreign exchange trading by Nigeria’s top banks rose sharply by 110 percent, year-on-year, to N145 billion in the...

Anti-Corruption Group Wants Transparency In Forex Trading

Anti-Corruption Group Wants Transparency In Forex Trading   The Anti-Corruption and Transparency Monitoring Unit has called for transparency and ethical dealing in the Nigerian forex trading activities. It stated this in Lagos on Saturday during the MBA Forex and Capital Investment Limited’s Bare2Blue Revolution business banquet, noting...

Forex Trading: NSE Loses N163bn on First Day

The stock market started the week with a loss of N163bn in market capitalisation at the close of trading on the floor of the Nigerian Stock Exchange on Monday. A total of 33 losers emerged, with Ecobank Transnational Incorporated Plc, Nigerian Breweries Plc, Nigerian Aviation...