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Tag: Forex
Nigeria’s Forex Reserves Decline By $1.6 Billion | 5 Things That Should Matter Today
Labour Party attacks Peter Obi for incessant remarks against Tinubu Nigerian Air Force announces sale of Presidential airport 9,000 civil servants fail promotional exams Nigeria’s Forex reserves decline by $1.6…
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Exploring Unconventional Forex Trading Strategies
Forex trading is not just about economic studies and chart analysis. Sometimes, it's the less orthodox strategies that draw the interest of traders looking to find their niche in the…
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FG Requests a $1.5 Billion Budget Support Loan from World Bank; Representatives Discuss the Acquisition of Official Vehicles Despite National Crisis | 5 Things That Should Matter Today
FG requests a $1.5 Billion Budget Support Loan from the World Bank Representatives discuss the acquisition of official vehicles despite national crisis United Nations report reveals 12,000 foreigners have sought…
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CBN Forex Ban: All You Need To Know About the Ban Lift
Since the Central Bank of Nigeria (CBN) decided to lift the foreign exchange (FOREX) ban on some products, there has been a lot of speculation and misconceptions. Although no one…
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Naira Marley, Sam Larry and Prime Boy are expected to appear before the coroner on October 26; Lagos gives ultimatum to house owners ‘occupy allotted apartments or forfeit allocation’ | 5 Things That Should Matter Today
Forex supply surges in the official market Lagos State gives ultimatum to house owners Senate bill protecting student education passes first bill Lagos State shuts Owode and Mile 12 markets…
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Unveiling the Power of HF Markets: Your Gateway to Forex Trading
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…
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Manufacturers’ demand for forex nears $2b amid scarcity, weak naira | 5 Things That Should Matter Today
Across the African continent, these are the 5 stories you may have missed out on: Ghanaians celebrate Michaela Coel’s historic Emmy win The British actress of Ghanaian heritage has become…
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Mastering This Art Called Forex
Like any other art form, forex is an art that requires mastery. "Master Forex”. I’m almost certain I have never heard these two words put together before. I mean, is…
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Forextime: Mistakes every new trader makes
Making money by trading on the exchange is a long-term process that requires constant improvement of both the trader oneself and their trading system. Moreover, each trader in the process…
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Subsidising the Naira blocks; Nigeria’s economic takeoff
The naira should be floated to find its exchange rate value on the market if Nigeria’s economy is to become productive, instead of relying on oil revenues, a dependency that…
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The YNaija Cover – the 14th of August
President Muhammadu Buhari makes today’s Cover for asking the Central Bank of Nigeria (CBN) to stop providing foreign exchange for food importation. In a statement issued by Garba Shehu, presidential…
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The YNaija Cover – Weekend Roundup
See links below to read our latest weekend stories and recap of top stories last week:
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We are not selling forex to anyone at N200 | CBN replies Senate
The Central Bank of Nigeria on Friday dismissed claims by the Senate that it is selling dollars to some businesses at an unofficial rate of N200. The Senate on Wednesday…
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The YNaija Tracklist: ‘Troops kill Boko Haram members, foil attack on Maiduguri’ | Amaechi: Jonathan govt blew N34b on River Niger | More stories
From the papers this morning - a Tracklist. 41 items still ineligible for forex – CBN - YNaija ‘Troops kill Boko Haram members, foil attack on Maiduguri’ - YNaija Buhari…
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The Big 5: These are the stories you should be monitoring today
These are the top five stories you should monitor today. ‘TROOPS KILL BOKO HARAM MEMBERS, FOIL ATTACK ON MAIDUGURI’ Troops of the Nigerian Army on Thursday clashed with some Boko…
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41 items still ineligible for forex – CBN
by Azeez Adeniyi The Central Bank of Nigeria (CBN) has said 41 items still remain ineligible for forex, despite its new policy which lifted a ban on items not eligible…
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CBN sanctions 12 banks for hoarding forex from SMEs
The Central Bank of Nigeria (CBN) has barred at least 12 deposit money banks (DMB) from the SMEs window of foreign exchange market for flouting regulations, TheCable reports. Isaac Okorafor,…
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The Big 5: These are the stories you should be monitoring today
These are the top five stories you should monitor today. Stop bailout to states owing salaries, Senate tells FG The Senate on Thursday urged the Federal Government to suspend payment…
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The YNaija Tracklist: Amaechi had issues with Patience, not me – Jonathan | Stop bailout to states owing salaries, Senate tells FG | More stories
From the papers this morning - a tracklist. Stop bailout to states owing salaries, Senate tells FG - YNaija Amaechi had issues with Patience, not me – Jonathan - YNaija…
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CBN introduces ‘Form X’ for SMEs to ease forex documentation
The Central Bank of Nigeria, CBN, has introduced the use of FORM X for SMEs that require basic documentation for foreign exchange. Confirming the development, the apex bank spokesman, Mr…
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CBN releases additional $250m for airlines, oil marketers, others
by Dolapo Adelana The Central Bank of Nigeria on Wednesday released additional $250m on seven to 30-day forwards for agriculture, airlines, petroleum products and raw materials. The apex bank's Acting…
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CBN to sustain forex provision
by Dolapo Adelana The Central Bank of Nigeria has said it will continue its policy of providing foreign exchange with a view to ensuring liquidity in the market and enhance…
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We have released adequate forex for tution fee – CBN
by Azeez Adeniyi The Central Bank of Nigeria said it has released adequate amount of foreign exchange for the purpose of Personal Travel Allowance, Business Travel Allowance, and payment of…
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Inform us if any bank refuses to give you Forex in 24 hours, CBN tells Nigerians
by Dolapo Adelana The Central Bank of Nigeria has urged Nigerians to notify it if any bank refuses to sell forex to them at the approved rate within 24 hours.…
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CBN to begin sale of forex to BDCs twice weekly
The Central Bank of Nigeria on Thursday said it would from next Monday begin the sale of foreign exchange to Bureau De Change operators twice weekly. Acting Director, Corporate Communications…
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The Late 5: These are the stories that drove conversations today
by Dolapo Adelana These are the top five stories that drove conversations today. 1. Obasanjo’s former wife files suit to stop her son’s wedding A wife of former President Olusegun Obasanjo, Mrs…
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130 underaged Nigerian girls trapped in foreign lands | 5 numbers that mattered this week
130 - Senior Special Assistant to the President on Foreign Affairs and Diaspora, Abike Dabiri-Erewa disclosed that 130 Nigerian girls are trapped outside Nigeria in neighbouring countries. 90 of the girls…
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CBN offers $100m forex for corporate customers
The Central Bank of Nigeria (CBN) on Thursday offered the sum of $100 million to meet the requests of wholesale customers. Acting Director of Corporate Communications at the CBN, Isaac…
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Naira sells at N390/dollar
by Dolapo Adelana The Naira continued its steady rise against the Dollar on Thursday as it traded for N390 at the parallel market in Abuja. The Naira also appreciated against…
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Forex: CBN to inject additional $350m into interbank market
by Dolapo Adelana In continuation of its strategy to strengthen the naira against the dollar and other foreign currencies, the Central Bank of Nigeria is set to pump into more…
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YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy