Archives Tag: Forex
Nigeria Lifts FX Restrictions, Allows Milk and Dairy Imports
April 19, 2022
The Central Bank of Nigeria (CBN) recently made a significant decision regarding the import of milk and dairy products. Initially, on February 11, 2020, the CBN imposed restrictions on these items, adding them to the list of products ineligible for forex. This move aimed to regulate foreign exchange allocation and stimulate domestic production. Read … Continue reading Nigeria Lifts FX Restrictions, Allows Milk and Dairy Imports
Naira Rebounds as CBN Clears Forex Debt Backlog
April 19, 2022
The naira has surged to N1,120 against the dollar in response to the Central Bank of Nigeria’s action to clear some of its FX backlog on Thursday. This marks an increase of N50 or 4.27 per cent compared to the N1,170 it traded for on Wednesday. Read more about Finance Currency traders, also known … Continue reading Naira Rebounds as CBN Clears Forex Debt Backlog
How to Protect Your Business from the Naira Devaluation
April 19, 2022
Earlier in June, the Central Bank of Nigeria announced that it was doing away with the long-standing fixed exchange rates for the naira. In a disclosure that grabbed headlines nationwide, the apex bank said that it would now float the local currency, i.e. allow market forces (demand and supply) to determine the rates for … Continue reading How to Protect Your Business from the Naira Devaluation
Everything You Should Know About Foreign Exchange
April 19, 2022
Previously, Foreign exchange was just a concept for governments, large companies, and hedge funds, however, in today’s world, foreign exchange has become so accessible to everyone as many investment companies now offer the chance for individuals to open accounts and trade currencies anytime they choose. Read more about Finance Foreign exchange is the conversion or … Continue reading Everything You Should Know About Foreign Exchange
Learn How To Make Money Through Forex
April 19, 2022
AMarkets Is Holding A Free Seminar For Traders In Lagos. On March 27th, 2021, the world’s leading Forex broker AMarkets will be hosting exclusive seminars for traders from Lagos. The keynote speaker of the event is Mr Abayomi Oguntola, a talented young Forex mentor and an authorized introducing broker in Nigeria. Mr Oguntola is a … Continue reading Learn How To Make Money Through Forex
5 Things Nigerian SMEs Should Look Out for in 2021
April 19, 2022
The past year was tumultuous for business. Much of it was defined by COVID-19 and its effects on the economy. The virus blighted most of the commercial landscape in the first half of 2020; many businesses spent the second half of the year cutting their losses and rebuilding from a disadvantaged position. There’s a shared … Continue reading 5 Things Nigerian SMEs Should Look Out for in 2021
How to Survive Losses in Forex Trading
April 19, 2022
With the spread of the coronavirus pushing governments around the world to impose drastic protective measures, the consequences of current restrictions have probably impacted your finances. Managing your personal finances during the coronavirus disruption isn’t easy, and you shouldn’t forget about the repercussions of COVID-19 on your investments, as they very possibly have experienced large … Continue reading How to Survive Losses in Forex Trading
By guestpost
5 Things Nigerians Must Know Before Investing In Financial Markets
April 19, 2022
Investing in the financial markets like Stock Market, Forex, Cryptocurrency is becoming very popular in Nigeria, as we see it as a way to make potential income. But investing in the markets may not be for everyone. Do you really know what it takes to be successful in the Financial Market? We have listed down … Continue reading 5 Things Nigerians Must Know Before Investing In Financial Markets
By guestpost
Is Online Forex Trading Legitimate?
April 19, 2022
Radio stations in many parts of Nigeria often air adverts inviting the public to forex trading seminars. Many of these announcements promise that listeners will learn money making ideas at such events; they pepper these requests with testimonials from people who have supposedly been helped to stupendous gains by the insights they picked up at … Continue reading Is Online Forex Trading Legitimate?
CBN’s Releases Dedicated Telephone Line and Email for FOREX Related Complaints
April 19, 2022
The Central Bank of Nigeria says it will be receiving complaints related to foreign exchange from the public through a dedicated phone line and an email address, both of which it has made public. These media will be open to complaints from people who have been denied access to foreign exchange by banks for school … Continue reading CBN’s Releases Dedicated Telephone Line and Email for FOREX Related Complaints
Bureaux De Change, Oriental Hotel: Foreign Exchange Made Easy
April 19, 2022
Where’s your go-to place for foreign exchange transactions? How about getting your currencies exchanged at an officially recognized FOREX dealer, located in the convenient setting of one of Lagos’s well-known spots? One that guarantees you top quality service in an easily accessible space? This is what the Bureaux de Change at the Oriental Hotel, Lagos, … Continue reading Bureaux De Change, Oriental Hotel: Foreign Exchange Made Easy
The CBN Wants to Eliminate the Currency Black Market
April 19, 2022
The Central bank of Nigeria has indicated that it plans to put an end to Nigeria’s thriving parallel currency market. Officials of the country’s apex bank say the institution will be moving against the black market to curb what they describe as its negative impact on the Nigerian economy. Minister of Finance, Mrs Kemi Adeosun, … Continue reading The CBN Wants to Eliminate the Currency Black Market
Nigeria Today: Top 5 News Stories, Friday, Nov 25th, 2016
April 19, 2022
1. The Central Bank of Nigeria has established the National Collateral Registry to increase financing to MSMEs. 2. Fishing company, Atlantic Shrimpers Ltd has set up a 160-hectare shrimp farm in Lagos to hatch and harvest shrimps for both local and export markets. 3. To prevent the Igbo language from going extinct, Anambra State … Continue reading Nigeria Today: Top 5 News Stories, Friday, Nov 25th, 2016
By ogo-eze
Nigeria Today: Top 5 News Stories, Thursday, Nov 24th, 2016
April 19, 2022
1. Emirates Airline is offering Nigerians a 50% discount for all travels to Dubai for Economy and Business Class travellers. Offers are to be secured from now to the 30th of November and cover till May 31st, 2017. 2. To reduce the burden of Forex crises, the Federal Government is planning tax relief for the manufacturing … Continue reading Nigeria Today: Top 5 News Stories, Thursday, Nov 24th, 2016
By ogo-eze
Aboki FX: Get Daily Updates On Currency Exchange Rates
April 19, 2022
For a while now, the naira has been driven along a wildly undulating course. It’s rather tumultuous performance on the foreign exchange markets has been cited by the experts as evidence that Nigeria’s economy is travelling upon uncertain waters. Policymakers battle to get it back on stable track, even as the public looks on, amazed, … Continue reading Aboki FX: Get Daily Updates On Currency Exchange Rates
