Wednesday, July 8, 2020

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forex

Forex guru exposes secrets to become multimillionaire

In an interview with FELLOW PRESS, a Fund Manager and Chief Executive Officer of DCROCSTYLE Nigeria Limited, Mr. Stano Emmanuel, exposed many secrets on...

CBN orders banks to sell 60% forex to manufacturers

The Central Bank of Nigeria, CBN, yesterday, ordered Authorised Dealers (banks) to allocate 60 per cent of their total Foreign Exchange, forex purchases from...

CBN issues stern warning on money transfer

The Central Bank of Nigeria (CBN) has warned Nigerians at home and in the Diaspora to be wary of the activities of some unlicensed...

Manufacturers lose N348.6bn to new forex policy

Manufacturers who had outstanding dollar requests and Letters of Credit (applied for at N197/dollar) before the new foreign exchange policy came into existence lost...

CBN launches first naira-settled OTC FX Futures market

The Central Bank of Nigeria (CBN) has made history in the Nigerian FX market as it becomes the pioneer seller of the Naira-settled OTC...

Five ways naira flotation will affect life

Nigeria is allowing its struggling currency, the naira, to trade freely in a move to tackle the financial crisis in Africa’s most populous nation....

Four Nigerian banks authorized as FX dealers

Four banks have fully met the criteria to be lead players of the Nigerian Foreign Exchange market. The lead players, who would be known as...

Forex policy: IMF lauds CBN, naira appreciates

The local currency gained N12, rising from 367 to 355 against the United States dollar at the parallel market on Thursday, a day after...

New Naira Policy: 8 Things that will happen In the next 10 days

The Central Bank of Nigeria, CBN, on Wednesday released modalities for the country's new flexible foreign exchange regime. Here are things that are expected to...

Latest news

FG inaugurates zone 13 police headquarters in Anambra

The Inspector-General of Police, Mr Mohammed Adamu, on Wednesday inaugurated the Zone 13 Nigeria Police Headquarters at Ukpo, near Awka in Anambra. Ukpo is in...

2019 Batch “B” Stream 2 NYSC corps to pass out July 16

The National Youth Service Corps (NYSC) says the passing-out of the 2019 Batch “B” Stream 2 corps members has been fixed nationwide for July...

Kwara Chief of Staff, Aminu Logun, buried in Ilorin residence

The remains of the late Chief of Staff (CoS) to Gov. Abdulrahman Abdulrasaq of Kwara, Aminu Logun, were interred on Wednesday in Ilorin, the...

Breaking: Buhari removes two non-career Ambassdors, appoints new ones

The Senate on Wednesday received a request from President Muhammadu Buhari for the replacement and confirmation of two non-career Ambassadors-designate. The request was contained in...

Ozekhome begs Buhari not to treat Magu same manner he treated others

Human rights lawyer, Chief Mike Ozekhome, SAN, has pleaded with Nigerians and those in authority, not to accord Ibrahim Magu, the suspended Acting Chairman...
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