Despite last week’s raid and arrest of some licensed currency dealers who were said to be selling foreign exchange (FX) above the prescribed limit, the naira appreciated on both the interbank and parallel segments of the market. Precisely, on the interbank FX market, the spot...

The Central Bank of Nigeria (CBN) is expected to settle  OTC FX Futures contract to the tune of $270.6 million on the interbank market this Wednesday. The transaction to be settled on the FMDQ OTC Securities Exchange would be the fourth futures contract to mature...

The naira continued on the path of appreciation on the parallel foreign exchange (FX) market monday as it closed at N455 to the dollar, higher than the N460 to the dollar it closed last Friday. The steady gains recorded by the nation’s currency on the...