In the world of finance, few markets can rival the sheer scale and complexity of the foreign exchange (forex) market. Forex trading offers immense opportunities for those who understand its intricacies, and one key player in this arena is HF Markets. In this exploration, we’ll delve into the significance of HFM and how it serves as a... Read More

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April 20, 2017

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CBN pumps $100m into forex market

The Central Bank of Nigeria (CBN) has pumped an additional $100 million into the foreign exchange market, after releasing $280 million on Tuesday. The bank has offered additional $100 million to authorised dealers to meet the 7 to 15-day forwards requests of customers. Isaac Okorafor, the bank’s spokesperson said the authorised dealers have been unable... Read More

The News Blog

100m, BDCs, CBN, Forex market, SMEs

March 14, 2017

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CBN pumps fresh $195m into foreign exchange market

by Azeez Adeniyi The Central Bank of Nigeria on Tuesday released fresh $195m into the foreign exchange market. This was confirmed in a statement signed by the Acting Director of Corporate Communications Department, Isaac Okoroafor. Okoroafor in the statement said the intervention of $195m is made up of $150m for the wholesale auction and $45m... Read More

The News Blog

$195m, CBN, dollars, foreign exchange, Forex market, naira

January 17, 2013

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Capitalization: CBN revokes licences of 236 Bureau de Change operators

by Emmanuel Okubenji The Central Bank of Nigeria (CBN) has revoked the operating licences of 236 Bureau de Change (BDCs) operators for their inability to meet the required capital for foreign exchange transactions. The CBN stated this in its circular with reference number “TED/FEM/FPC/GEN/01/041” on Wednesday and signed by the Director of Trade and Exchange... Read More

Batari Musa, BDC, CBN, Forex market

Unveiling the Power of HF Markets: Your Gateway to Forex Trading

CBN pumps $100m into forex market

CBN pumps fresh $195m into foreign exchange market

Capitalization: CBN revokes licences of 236 Bureau de Change operators

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