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...

We Must Discontinue Dependence On Crude Oil For Public Revenue, Forex — Emefiele         The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has reiterated the need for the country to discontinue heavy dependence on crude oil to guarantee public revenue and foreign...

CBN MPC members Express Worry Over High Demand Pressure In Forex         Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high demand pressure in the nation’s foreign exchange market. The MPC members voiced their concerns at the...

Operators Urge FG On Forex For N100bn Health Fund       Operators in the Nigerian pharmaceutical industry on Tuesday appealed to the Central Bank of Nigeria (CBN) to make a special allocation for all those who are beneficiaries of the healthcare facility to be given forex to...

Fixed Income, Currency Markets Decline To N164.32trn In Q3       Turnover in the Nigerian fixed income and currency (FIC) markets dropped by 26.76 per cent to N14.07 trillion in September 2020, according to latest trading figures released at the weekend. Turnover at the FIC markets for...

Forex, Infrastructure Hindering Readiness For Continental Trade – NACCIMA         The Nigerian Chamber of Commerce, Industry, Mines and Agriculture says access to forex, irregular electricity supply and poor infrastructure are issues affecting the readiness of Nigeria for the African Continental Free Trade Agreement. The National Vice President...