Wednesday, May 15, 2024
MARKET UPDATE
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TheCable

Tag "Forex transactions"

‘No accusations of wrongdoing’ — Dangote clarifies EFCC visit amid forex probe

    ‘No accusations of wrongdoing’ — Dangote clarifies EFCC visit amid forex probe

Dangote Group has provided clarifications on the recent raid by the Economic and Financial Crimes Commission (EFCC) of its office, reiterating its commitment to providing full cooperation. On January 1,

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Forex supply up by 1,302% in official market amid CBN’s plan to intervene

    Forex supply up by 1,302% in official market amid CBN’s plan to intervene

The value of foreign exchange (Forex) transacted in the investors’ and exporters’ (I&E) window of the official market increased by 1,302.8 percent on Thursday. In monetary terms, this represents an

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