Traders on the FMDQ (official trading platform for forex) have implemented a +/-5% band around the previous day NAFEX while also caping bid/offer spread...
Economic and Financial Crimes Commission (EFCC) has established a task force to tackle illegal forex trading and naira abuse amid the continued depreciation of...
Central Bank of Nigeria (CBN) has released a new directive warning banks from hoarding excess fobreign currency for profit. Gatekeepers News reports that the...
Central Bank of Nigeria (CBN) has warned authorised dealers to ensure that transactions in the forex market are conducted transparently. Gatekeepers News reports that the...
Central Bank of Nigeria (CBN) has disbursed 500 million dollars to various sectors in its determination to address the backlog of verified foreign exchange...
Central Bank of Nigeria (CBN) says it will boost liquidity in the foreign exchange market by intervening “from time to time”. Gatekeepers News reports...
Nigeria’s foreign exchange (forex) inflow has hit $55.5billion within seven months. Gatekeepers News reports that the Central Bank of Nigeria (CBN), while announcing this,...