Tag: FX Market

CPPE Implores CBN On Quarterly FX Rate For Customs
May 3, 2024 No Responses

CPPE Implores CBN On Quarterly FX Rate For Customs

The Centre for Promotion of Public Enterprise, (CPPE) has asked the Central Bank of Nigeria (CBN) to adopt a specific quarterly exchange rate for import duty collection as a measure towards addressing the problems associated with frequent changes in customs...
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CBN Clears FX Transactions Backlog
March 21, 2024 No Responses

CBN Clears FX Transactions Backlog

The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of s$7 billion, fulfilling a key pledge of its Governor, Mr. Olayemi Cardoso. In a statement on Wednesday, the apex bank’s Acting Director, Corporate Communications, Mrs Hakama...
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NGX All-Share Index Crosses 80,000 Benchmark
January 9, 2024 No Responses

NGX All-Share Index Crosses 80,000 Benchmark

The Nigerian Exchange Ltd (NGX) All-Share Index on Monday crossed significant 80,000 basis points to settle at 80,324.53 benchmark by earning 0.83 per cent or 660 points, as against 79,664.66 recorded on Friday. Consequently, the equity market capitalisation c...
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CBN Disburses $61m To Settle Foreign Airlines’ Trapped Fund
January 8, 2024 No Responses

CBN Disburses $61m To Settle Foreign Airlines’ Trapped Fund

The Central Bank of Nigeria (CBN) has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali on Sunday, the disbursem...
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Fidelity Bank Sensitizes Customers on Emerging Opportunities In Non-Oil Exports, CBN RT200 FX Policy 
March 17, 2022 No Responses

Fidelity Bank Sensitizes Customers on Emerging Opportunities In Non-Oil Exports, CBN RT200 FX Policy 

The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop for exporters and investors in...
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Opinion: Nigerian Shares Steady But Dollar Sinks As Investors Digest Inflation Data
January 14, 2022 No Responses

Opinion: Nigerian Shares Steady But Dollar Sinks As Investors Digest Inflation Data

By Lukman Otunuga, Senior Research Analyst at FXTM — Nigerian shares hovered around 2021 highs on Thursday, gaining over 4.4% year-to-datedespite the December U.S. inflation report reinforcing Fed rate hike expectations. The U.S. consumer price index (CP...
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