CBN Sets New Guidelines for FX Trading via EFEMS, Mandates $100,000 Minimum Trade
The Central Bank of Nigeria (CBN) has introduced new guidelines for interbank foreign exchange (FX) trading through its Electronic Foreign ...
Tag: FX
Ogun Manufacturers Struggle Amid N350bn Unsold Goods and Forex Crisis
Manufacturers in Ogun State are grappling with severe challenges, including a stockpile of unsold goods worth N350 billion, driven by ...
World Bank Advises CBN to Limit Forex Auctions, Deepen Market Transparency to Strengthen Naira
The Central Bank of Nigeria (CBN) has been urged by the World Bank to avoid frequent interventions in the foreign ...
JUST IN: Naira appreciates and Trades at N1600
On Friday, the Naira closed at a stronger rate of N1,600 to the dollar at the official market, gaining N1.20, ...
