Foreign Exchange Archives — Page 3 of 3

June 19, 2019 No Responses

IOSCO Implores Capital Market Authorities On Cyber Risk

The Board of the International Organization of Securities Commissions (IOSCO) on Tuesday issued a final report that provides an overview of three internationally recognized cyber standards and frameworks used by IOSCO members. It also identifies potential gaps in the application...

May 22, 2019 No Responses

How To Lift Forex Earnings Through Viable Commodities Exchange, By SEC Boss

In a bid to ensure that Nigeria realizes its full potentials in the Commodities market as well as boost foreign exchange earnings, , the Securities and Exchange Commission, SEC has emphasized the need to have a vibrant Commodities Exchange in...

May 10, 2019 No Responses

Naira Remains Stable At Parallel Market

The Naira on Thursday remained stable at the parallel market in Lagos, exchanging at N359.3 to the dollar. The Pound Sterling and the Euro traded at N472 and N402, respectively. At the Bureau De Change (BDC) window, the naira was...

April 13, 2019 No Responses

CBN Boosts Anchor Borrowers Programme With N174. 48B

The Central Bank of Nigeria (CBN) says it has so far cumulatively disbursed N174. 48 billion through 19 financial institutions under its Anchor Borrowers Programme since 2015. The Director, Corporate Communications Department of the bank, Mr Isaac Okoroafor st...

March 22, 2019 No Responses

CBN Explains $6b Investments In Nigeria’s Bond Market

As Nigerians await the outcome of the supplementary polls in some states, the successful conduct of the general elections is generating positive investments, with the inflow of over $6 billion into the local bond market. Central Bank of Nigeria (CBN)...

March 19, 2019 No Responses

CBN Targets $10b Foreign Exchange From Palm Oil

As part of measures to consolidate revenue base, the Central Bank of Nigeria (CBN) has unveiled fresh agenda to position Nigeria as the world’s third largest palm oil producer. Under the agenda, Nigeria is expected to overtake Thailand and Columbia...

February 5, 2019 No Responses

SEC Implores Capital Market Stakeholders On Local, Foreign Investments

Stakeholders in the Capital Market have been urged to continue to take positive steps to attract and retain both local and foreign investments as part of measures to stimulate economic growth and develop critical infrastructure necessary for the country’s de...

February 4, 2019 No Responses

Emerging Market Regulators Consult On Sustainable Finance In Capital Markets

Securities regulators from growth and emerging markets are seeking public feedback on proposed recommendations related to the development of sustainable finance in capital markets and the role of securities regulators in this area. Already, IOSCO´s Grow...

December 28, 2018 No Responses

Nigeria Lifts Forex Market With $210m

With the resumption of business after the Christmas and Boxing Day festivities, the Central Bank of Nigeria (CBN) on Thursday, December 27, 2018, intervened in the inter-bank sector of the Foreign Exchange market, injecting $210 million in the wholesale segmen...

September 8, 2017 No Responses

WFE elects eight Directors

At the 57th General Assembly in Bangkok on Thursday, the World Federation of Exchanges (WFE) elected eight Directors of the Board. The Directors of the Board are: 1. Chairman Wu Qing, Shanghai Stock Exchange – Chairman, WFE (1-year term) 2....

May 18, 2017 No Responses

Forex: CBN releases list of 36 items

The Central Bank of Nigeria (CBN) on Thursday released list of 36 items valid for access to foreign exchange in the foreign exchange market. In a circular to all banks and the general public, CBN explained that the list of...

May 9, 2017 No Responses

CBN injects $81.2m for BTA, SMEs, others

As a follow up to last Friday’s injection of $389 million into the retail segment of the Foreign Exchange Market (FOREX), the Central Bank of Nigeria (CBN) on Monday, intervened with the sum of $81.2 million in the invisibles and...

March 7, 2017 No Responses

CBN offers additional $367 Million to ease FOREX crisis

As part of measures to tackle Nigeria’s Foreign Exchange (FOREX) crisis, the Central Bank of Nigeria (CBN) on Monday carried out another round of retail interventions in the interbank FOREX market by providing $367,134,329.93 to meet the forward requests of....

March 6, 2017 No Responses

Process BTA, PTA in 24 hours, CBN tells Banks, Dealers

To curtail speculations and facilitate prompt assistance to genuine foreign exchange (FOREX) customers, the Central Bank of Nigeria (CBN) has directed banks to henceforth ensure that all applications for Basic/Personal Travel Allowance (BTA/PTA) are processed ...