fortrex

Naira depreciates against Dollar at forex market

Nigeria's currency, the Naira, depreciated against the US Dollar on Monday at the foreign exchange market. Official data from FMDQ disclosed that the Naira depreciated marginally to N814.60/$1 on Monday from N794.89/$1 at the close of work on Friday. This

Naira Appreciates Against Dollar In Forex Market

A Bureau De Change Operator in Wuse Zone 4, Dayyabu Mistila, disclosed to NEWSMEN that the naira traded at N1,205 per $1 on Tuesday. On Tuesday, Nigeria's currency, the naira appreciated against the US dollar at the parallel market. A Bureau De Change Operator

CBN directs banks to sell forex to BDCs

The Central Bank of Nigeria has directed agent banks to approved international money transfer operators to sell foreign currency accruing from inward money remittances to licenced Bureau De Change operators. The directive is in a circular with reference number

Naira gains against US Dollar at forex market

The naira commenced the week on a positive note as it gained against the US Dollar again on Monday at the foreign exchange market. Official data from FMDQ disclosed that the Naira depreciated to N837.77/$1 on Monday from N927.19/$1 it closed on Friday. This

Naira drops against US dollar at forex market

The Naira depreciated against the US dollar on Wednesday at the official foreign exchange market. Official data from FMDQ disclosed that it dropped to N904.56/$1 at the close of work on Wednesday after opening with N871.12/$1. The figure represents a 4.38

Forex: 14 Foreign Airlines Exit Nigerian Aviation Market

Fourteen (14) airlines have withdrawn their services from Nigeria due to low patronage and the bad economy being experienced in the country. According to The Guardian, the airlines are among the 50 that operated the Nigerian routes some months ago. Some of

Naira Gains in Forex Market Sustainable - ABCON

The Association of Bureaux De Change Operators of Nigeria says the Naira's return to the growth path is sustainable because the recent devaluation experienced is artificial. The President of ABCON, Dr Aminu Gwada, disclosed this in a statement on Saturday.

Naira appreciates against US dollar at forex market

The Naira appreciated against the US dollar at the official foreign exchange market. Official data from FMDQ disclosed that it appreciated N844.85/$1 at the close of work on Monday. The figure represents 5.15 per cent increase compared to the N888.35/$1 quoted

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Why wait before it happens? Zenith Bank sacks 1200 workers. What does your job look like? http://www.premiumtimesng.com/business/4819zenith_bank_sacks_over_1_200_employees.html -The 320 Unity Bank sacked bankers -The 1,200 Zenith Bank sacked bankers -The 800

Naira appreciates massively against US dollar at forex market

The Naira appreciated massively against the US Dollar at the foreign exchange market on Tuesday. Data from FMDQ showed that the Naira depreciated to N878.61 on Tuesday from N925.45 on Monday. The figure represents N46.73 gain or a 5.05 per cent gain to close

DJ Cuppy Reacts As Billionaire Father Sells Forte Oil

Recall that Nigerian energy tycoon Femi Otedola announced that he has concluded the sale of his 75% stake in Forte Oil, a publicly listed oil marketing company, to Prudent Energy, a local oil trading firm. Otedola made this known on his verified Instagram

Naira depreciates against US Dollar as forex fluctuation persists

Foreign exchange fluctuation is yet to end as the Naira depreciated against the US Dollar at the FX market on Thursday. Official data from FMDQ showed that the country's currency dropped to N841.14 against the Dollar on Thursday compared to N818 on Wednesday

Naira slumps again against US Dollar at forex market

The Naira depreciated significantly for a consecutive time against the US Dollar in the foreign exchange market. Data from FMDQ showed that the Naira dropped to N931.23 per US dollar on Wednesday from N878.57 per Dollar on Tuesday. The figure represents a

Naira extends gains against US Dollar at forex market

The Naira on Friday extended its gains against the US dollar at the official foreign exchange market. Data from FMDQ showed that the Naira appreciated N869.13 per US dollar at the close of business on Friday. This represents an N26.1 gain or a 3 per cent increase

Forex: CBN Pumps $1.3 bn to Keep Market Afloat

Within the five weeks of August, the Central Bank of Nigeria (CBN) pumped N1.301billion into the foreign exchange (forex) market to boost liquidity and settlement for eligible transactions. The CBN spokesman, Mr Isaac Okoroafor, had hinted earlier in the month

Naira Stabilises As CBN Injects $195m Into Forex Market

The Central Bank of Nigeria (CBN) on Monday intervened in the inter-bank Foreign Exchange Market with the supply of $195 million in an effort to stabilise the market. Mr Isaac Okorafor, the acting Director, Corporate Communications of the apex bank, who confirmed

"Pilgrims Didn't Get Forex At Subsidised Rate" - Emefiele

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday said that the apex bank did not provide foreign exchange at a subsidised rate for the 2016 hajj pilgrims. Emefiele, according to a statement from the bank, explained that the insinuation

Naira appreciation continues as USD supply surges at forex market

The Naira continued its appreciation against the US Dollar at the foreign exchange market as USD transactions surged. FMDQ data showed that the Naira appreciated to N1,572.82 per USD upon resumption of trading on Monday compared to 1,602.75 on Friday. The