Nigeria: Expect $8bn from FOREX

The Federal Government says it is targeting about $8 billion as annual foreign exchange from the exportation of yams to other countries if its yam export programme succeeds. The Minister of Agriculture and Rural Development, Audu Ogbeh, said this when he received the Technical Committee on Nigeria Yam Export Programme in Abuja on Thursday. Mr. […]

Market Nigeria: Parallel universe taking shape in FOREX

A kind of parallel universe is taking shape in Nigeria’s foreign-exchange market. The African country’s traditional forwards market is facing competition from an upstart based on the new exchange-rate window policy makers opened six weeks ago. Bond investors and speculators are switching away from non-deliverable forwards that are linked to the main interbank exchange rate, […]

Nigeria to clear Forex demand backlog

May 23 Nigeria’s central bank plans to sell an undisclosed amount of dollars on Tuesday to settle a backlog of foreign exchange demand for airlines, fuel and raw material imports, traders said. Traders said the central bank had asked commercial lenders to submit bids for dollars to cover the previously unmet demand for hard currency […]

Understanding Forex Trading Systems

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No intention of tampering with Forex – CBN

The CBN made following claim: Some holders of domiciliary accounts in Nigeria have for some time been agitated over a rumour that the apex Bank, Central Bank of Nigeria was planning to turn their hard currency into local currency. Now, the apex Bank has publicly declared that it is a false assumption. The Bank said […]

Trending News

Check here often for news that’s trending on www.medianet.info. Click below to read trending news. Title Home Home page / Archives Lifestyle Viral CBN: Aggressive intervention aids Forex stability [Feb – Jun 2017] CBN injects $195 million into various segments of the inter-bank FOREX Nigerian men fashion pictures Nigeria to clear Forex demand backlog Factors […]

African markets important factors Nov.2, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – GLOBAL MARKETS Asian shares touched a 10-year high on Thursday after the U.S. Federal Reserve expressed optimism about the economy, virtually cementing the case for a year-end rate hike […]

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What I Can Teach You About Markets

Important Aspects in Forex Trade Management Trade management is all about how a trader manages his trading activity to maximize his potential profit and minimize the risk of losing profit. Here are valuable suggestions that can help in applying trade management principles in a trading activity situation. When your trading in that day is indicating […]

The Beginner’s Guide to Trades

The Process of Forex Trade Management Trade management is all about how a trader manages his trading activity to maximize his potential profit and minimize the risk of losing profit. The following are recommendations that will help a trader to decide sensibly so he is able to manage his trading properly in accordance to a […]

Factors to watch African markets – July 3

Reuters: The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday . GLOBAL MARKETS Asian stocks held two-years highs on Monday, starting the new month on a solid footing after two quarters of gains while expectations of credit tightening by the world’s major central […]

Nigerian banks and Economic Recovery and Growth Plan

The Federal Government launched the Economic Recovery and Growth Plan with the vision to “drive a structural economic transformation which lays emphasis on improving both public and private sector efficiency”.  In order to achieve three broad strategic objectives of “restoring growth, investing in our people and building a globally competitive economy”, the Plan outlines five […]

High interest rates cripples Nigerian economy

Nigeria’s Organised Private Sector (OPS) has implored monetary authorities to take acceptable measures in reflating the economy through monetary easing and reduction of the high interest rate, which it said are currently stifling economic growth in the country. The Nigerian Employers Consultative Association (NECA), at the quarterly meeting of its Governing Council in Lagos, said […]

Proshare economy statistics 2017

PROSHARE ECONOMY Strongest World Growth Expected Since 2010 – Fitch – The recovery in global growth is strengthening and is expected to pick up to 2.9% this year and peak at 3.1% in 2018, the highest rate since 2010, says Fitch Ratings in its latest Global Economic Outlook (GEO). Source Proshare Read More Agricultural finance […]

ABCON to CBN: How to sustain naira

  The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised the Central Bank of Nigeria (CBN) on steps to sustain the naira’s  recovery against dollar. The naira has remained at N362/$1 at the parallel market in the last one week, a major improvement from N520/$1 in February. In a statement released yesterday, […]

Naira gains not stopping CBN from sustaining intervention

Naira’s continued gains against the dollar will not deter the Central Bank of Nigeria (CBN) from sustaining its intervention in the interbank market, the apex bank said yesterday. The CBN has since February been pumping in dollars in all segments of the interbank market to ensure liquidity and availability of forex. More than $5 billion […]

NSE: Investors confidence gradually returns

The confidence of investors in the country’s capital market is gradually returning as can be seen by the positive numbers in recent weeks, the Chartered Institute of Stockbrokers has said. The institute, thus, urged the government, the Central Bank of Nigeria and other regulators to remain consistent in their resolve to tackle the issues that […]