foreign exchange

Lasaco Assurance Plc reaped a foreign exchange revaluation windfall of N579 million in its second-quarter operations – which enabled it to head off a loss within the quarter. The inflow provided the healing balm for a 72 percent plunge in…

Nigerian Naira value on Tuesday, dropped at the foreign Exchange (FX) Investment and export (I&E) window by 0.1 percent to NGN386.50/USD while it closed flat at the parallel market at NGN460.00/USD. Meanwhile, on Monday, the naira…

Deji Alabi The introduction of the gas-fired city buses is expected to save Nigeria over US$ 2.5 billion per year by reducing fuels costs in the transportation and power generation sector by over 30 per cent. The General Manager,…

The strategic partnership between the Central Bank of Nigeria (CBN) and Association of Bureaux De Change Operators of Nigeria (ABCON) on foreign exchange supplies and sustenance of market integrity helped naira stability in 2018. ABCON…

Nigeria, Africa’s largest economy by gross domestic product (over $380bn), recently grabbed global attention following reports that South Africa’s telecoms subsidiary, MTN Nigeria, illegally repatriated huge profits from the country and…

Big businesses operating in Nigeria take the Federal Government and stipulated regulations for granted, the Minister of Finance, Zainab Ahmed, declared on Tuesday. Ahmed, who was responding to a question on the recent sanction that was…

ADIGUN OLABIYI The furore generated so far on the $8.1bn and N5.87bn sanction by the Central Bank of Nigeria (CBN) on MTN Nigeria and four banks has been one of mixed grill, laced with sentiments depending on which ever divide one belongs…

The Central Bank of Nigeria (CBN), on Wednesday, injected 210 million dollars into the Inter-bank Foreign Exchange Market in continuation of its efforts to sustain liquidity in the market. The acting Director,  Corporate Communications, …

The Central Bank of Nigeria (CBN) in its quest to guarantee the availability of foreign exchange for customers’ needs has injected another $210 million into the foreign exchange market.  The Acting Director, Corporate Communications,…

KAYODE TOKEDE Total transaction turnover in the Fixed Income and Currencies (FIC) markets for the month of January, 2018 amounted to N11.71 trillion, representing a 1.28 per cent decrease or N0.15trillion from the value recorded in…