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...

In One Month, CBN Injects $1.47bn Into Forex Market       The Central Bank of Nigeria injected $1.47bn into the foreign exchange segment of the market as part of its efforts to stabilise the naira in January. According to figures from the CBN’s January report on its foreign...

FOREX: Turnover In I&E Window Drops By 82% To $3.7bn       The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange (FOREX) market fell year-on-year (YoY) to $3.7 billion in the first quarter of this year (Q1’21) from $20.49...

BDC Operators Declare War Against Currency Speculators       The Central Bank of Nigeria (CBN)-licensed Bureau De Change (BDC) operators have declared operational war against foreign exchange speculators and black market dealers whose activities they accused of distorting the foreign exchange (FX) market. This came as the dollar...

Interventions Drive Daily I&E Window Sales To $150m - Emefiele         The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said interventions introduced by the CBN have resulted in a daily trade of $150m in the Investors and Exporters window. Emefiele spoke during the 55th...

Forex: Turnover In I&E Falls By 10% To $843.97m     The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell by 10 percent, month-on-month, to $843.97 million last month from $937.27 million in July, 2020. This represents...