Forex traders, hoarders lose as Naira gains steady at parallel market
Foreign exchange speculators and hoarders are currently groaning as they suffer major loss over the steady and continue appreciation of the value of the naira […]
forex
Nigeria lost huge forex defending naira, says Finance minister
The Federal Government took the right step by instituting forex reforms and freeing forex previously used to defend the naira, Chief Executive Officer, Ministry of […]
Market sentiment rises on CBN forex guidelines rollout
Economic analysts have for a long time been calling for the unification of the multiple foreign exchange rates in the country, claiming that it has […]
Addressing forex shortages, medical tourism with healthcare investments
The $1.5 billion yearly spend on medical tourism has become a major concern to economic managers. The expectation is that a well-equipped health care sector […]
Drop in dollar inflows worsens forex scarcity
The Central Bank of Nigeria (CBN) report has shown significant drop in dollar inflows to the economy to $72.3 billion. The forex inflows position, contained […]
Forex, others frustrate stockfish import, exports in Nigeria
Stakeholders in the stock fish and seafood import and export in the aquaculture industry have identified access to grants for off-takers in the value chain, […]
Trading Cryptocurrencies on Forex Platforms: Risks and Opportunities
Cryptocurrencies, such as Bitcoin and Ethereum, have emerged as a popular alternative investment class in recent years, offering potentially high returns for investors. As a […]
SEC blames forex scarcity for low foreign investments
The Director-General of the Securities and Exchange Commission, Lamido Yuguda, has blamed the dwindling level of Foreign Portfolio Investments in the country on scarcity of […]
Why Forex trading is challenging for newcomers
By Olumide Adesina Trading is a challenging industry, and the majority of newcomers lose money. In fact, a banner about the proportion of traders who […]
Foreign portfolio inflows may boost forex reserves
Increasing inflows from foreign portfolio investors (FPIs) may curb decline and boost Nigeria’s foreign exchange (forex) reserves as the country struggles with low oil production […]