Forex Transactions At I&E Window Rises By 59.37%       Foreign exchange transactions at the Investors’ & Exporters (I&E) window increased by 59.37 per cent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria had in April 2017 amid severe forex scarcity created the...

Forex Transactions At I&E Window Drop By 24.56%       Foreign exchange transactions at the Investors’ & Exporters (I&E) window declined by 24.56 per cent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria had in April 2017 amid severe forex scarcity created the...

Forex Transactions At I&E Window Drop By 17%       Foreign exchange transactions at the Investors’ & Exporters (I&E) window declined by 17.2 per cent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria had in April 2017 amid severe forex scarcity created the...

We cannot be certain whether Nigerians should celebrate or decry the recent decision by the Central Bank of Nigeria to reduce the existing annual limit on naira debit cards used abroad, from $150,000 to $50,000 per person. Nonetheless, the enabling directive to commercial banks to...