Tuesday, May 14, 2024
MARKET UPDATE
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TheCable

Tag "Foreign exchange"

ABCON asks members to comply with FX regulations, stop street trading

    ABCON asks members to comply with FX regulations, stop street trading

The Association of Bureau De Change Operators of Nigeria (ABCON) has instructed its members to abide by extant laws establishing them. Aminu Gwadabe, ABCON president, made this known in a

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FX crisis: EFCC, CBN should clamp down on crypto platforms, says Onanuga

    FX crisis: EFCC, CBN should clamp down on crypto platforms, says Onanuga

Bayo Onanuga, special adviser to President Bola Tinubu on information and strategy, says Binance and other crypto platforms should be banned from operating in Nigeria. In an X post on

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Complex factors, not us, influencing FX rates in Nigeria, says Binance

    Complex factors, not us, influencing FX rates in Nigeria, says Binance

Binance Nigeria, a cryptocurrency exchange company, has reacted to reports alleging price manipulation in foreign exchange (FX) rates on its platform. In a statement on its website on Wednesday, Binance

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Lagos poultry farmers blame rising cost of eggs on fluctuating FX

    Lagos poultry farmers blame rising cost of eggs on fluctuating FX

The Poultry Association of Nigeria (PAN), Lagos state chapter, has blamed the increase in the price of poultry feeds and eggs on the fluctuating foreign exchange (FX) rate. Speaking in

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CBN removes exchange rate cap on interbank FX transactions

  CBN removes exchange rate cap on interbank FX transactions

The Central Bank of Nigeria (CBN) says it has discontinued the exchange rate market cap on the spread of interbank

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Naira depreciates to N1,500/$ at parallel market

  Naira depreciates to N1,500/$ at parallel market

The Nigerian naira, on Wednesday, depreciated to N1,500 at the parallel section of the market. The rate is a 3.45

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Cardoso: FX market transactions was $800m on Monday… first time in a while

  Cardoso: FX market transactions was $800m on Monday… first time in a while

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says for the first time in a long while, Nigeria’s

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Cardoso: In 10 years, Nigerians spent $40bn on education, healthcare abroad

  Cardoso: In 10 years, Nigerians spent $40bn on education, healthcare abroad

Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the foreign exchange (FX) demand for education and healthcare

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CBN: No more exchange rate cap for money transfer operators

  CBN: No more exchange rate cap for money transfer operators

The Central Bank of Nigeria (CBN) has removed the allowable limit of exchange rate quoted by the international money transfer

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Naira depreciates by 4%, drops to N1,035/$ at official market

  Naira depreciates by 4%, drops to N1,035/$ at official market

Naira, on Wednesday, hit N1035.12 per dollar at the official market, also known as the Nigerian Autonomous Foreign Exchange Market

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