Inflation, Forex, Debt Killing Economy - LCCI   The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the issues of Nigeria’s growing debt burden, inflationary pressure as well as the worsening foreign exchange crisis in order to save...

CBN, Importers, Exporters Dominate I&E FX Window - Report   The forex market is segmented with multiple exchange rates, with the Investors and Exporters window (I&E FX) window as the most important rate. In a report, Managing Director, Financial Derivatives Company Limited, Bismarck Rewane, said the Central...

BDCs Seek CBN’s Support To Meet FX Demand   The Association of Bureaux De Change Operators of Nigeria (ABCON) has solicited the Central Bank of Nigeria’s (CBN) support in ensuring that Bureaux De Change (BDCs) continue to sell dollars to retail end forex buyers. In a notice...

Net Forex Inflow Drops By 30% To $2.69bn As Outflow Rose By 53%   The members of the Central Bank of Nigeria’s, CBN, Monetary Policy Committee, MPC, have called on the apex bank to carry out a comprehensive review of the foreign exchange market operations in...

In 7 Months, CBN Sold $867.68m Forex To SMEs     The Central Bank of Nigeria, CBN, has raised the volume of foreign exchange sales to the Small and Medium Enterprises (SMEs) category businesses by 31 percent in the first seven months of this year (January to...

Foreign Investors Raise Nigerian Investments By 74%   Foreign portfolio investors have increased their participation in the Nigerian stock market by almost three-quarters as steady corporate earnings and improving foreign exchange (forex) Liquidity continued to sustain rally by Nigerian equities. Latest trading data on foreign portfolio investments...