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

Monster Legends Hack For Android And IOS Add Gold- Food And Gems Cheats For those who adored this article and you would comparable to to acquire more information regarding monster legends hack obtain kindly see our web-website. You may evaluate the concept with different habitat to see how truly helpful nature habitat is in getting […]

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 […]

African markets factors Jan. 17, 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – GLOBAL MARKETS Asian stocks stepped back from a record high on Wednesday as the region’s resource shares were hit by falling oil and commodity prices while digital currencies tumbled […]

Nigeria’s external reserves hit new high Jan. 2018

Figures obtained from the CBN on Monday, January 8, 2018 indicate that the External Reserves reached the $40.4 Billion mark on Friday, January 5, 2018, indicating an increase of about one billion United States dollars between December 2017 and January 2018. Confirming the figure, the Acting Director in charge of Corporate Communications at the CBN, […]

Nigeria: Foreign Exchange up 10 percent

Nigeria’s foreign exchange reserves stood at $37.92 billion as of Dec. 22, up 10.1 percent from a month earlier, central bank data showed on Friday. The government raised $3 billion in Eurobonds in November. Nigeria’s forex buffer has climbed nearly 50 percent since last December but is still far off a peak of $64 billion […]

Nigeria plans to repay 198.03 billion naira

Nigeria plans to repay 198.03 billion naira ($647 mln) worth of treasury bills maturing in December with part proceeds of Eurobonds it raised last month. The announcement sent yields down by more than half. The Debt Management Office (DMO) said on Tuesday the bills due on Dec. 14 and Dec. 21 would be redeemed rather […]

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 […]

Home

↑ Click Here To Register (Page opens in new tab) Nigeria’s Economy at a Glance Inflation                  15.37 Exch. Rate (USD)    ₦305.75 MPR                       14 Crude Oil Price     $69.74    Download 2018 budget: Click Here   For Jobs, […]

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 […]