Forex

CBN Sells Another $148m To Authorised Dealers

CBN has sold another $148m to authorised dealers.   Glamtush reports that the Central Bank of Nigeria (CBN) has sold…

4 months ago

Nigeria’s Inflation Rate Hits 33.20% Despite Naira Rebound – NBS

Despite Naira’s rebound, Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which…

7 months ago

Dump Your Dollars, Naira Will Appreciate Soon – Presidency Tells Forex Speculators

Presidency has warned forex speculators to dump their dollars as the naira will appreciate soon.   Glamtush reports that the Presidency has warned forex…

8 months ago

Bank Of Ghana Suspends Forex Licences Of GTB, First Bank Over Alleged Fraudulent Documentation

Bank of Ghana has suspended the forex licences of GTB and First Bank over alleged fraudulent documentation.   Glamtush reports…

9 months ago

CBN Revokes Operational Licenses Of 4,173 BDCs [FULL LIST]

CBN has revoked the operational licenses of 4,173 BDCs.   Glamtush reports that the Central Bank of Nigeria (CBN) has…

9 months ago

Forex: BDC Operators Plan Automation To Eliminate Street Trading, Others

The Association of Bureau De’Change Operators of Nigeria has concluded plans to automate its trading operations to eliminate the activities…

9 months ago

Senate Summons CBN Governor Cardoso Over Free Fall Of Naira

Senate has summoned the CBN governor Cardoso over free fall of the naira.     Glamtush reports that the Senate’s Committee…

10 months ago

CBN Orders Banks To Sell Excess Dollars In 24 Hours

CBN has ordered banks to sell excess dollars in 24 hours.   Glamtush reports that the Central Bank of Nigeria…

10 months ago

Forex Scandal: EFCC Combs Dangote HQ For documents, Probes 51 Firms

Operatives of the Economic and Financial Crimes Commission on Thursday stormed the headquarters of Dangote Industries Limited in Ikoyi, Lagos,…

11 months ago

Dollar Now N876 As Forex Shortage Worsens

The naira maintained its downward trend against the dollar as it traded for 876/$ at the parallel market on Sunday.…

1 year ago

Forex Supply Falls To $82.4 Million As Exchange Rate Depreciates To N698/$1 At Black Market

Forex Supply has fallen to $82.4 Million as the exchange rate depreciated to N698/$1 at Black Market. Glamtush reports that…

2 years ago

Updated Forex Trading Guide And Strategies

Updated Forex Trading Guide And Strategies can be accessed below.   Perhaps you heard about the forex market from a friend or…

3 years ago

Dollar Scarcity Looms As CBN Sets Date To Stop Sale Of Forex To Banks

CBN has set a date to stop sale of forex to banks with dollar scarcity expected to hit hard. Glamtush reports that the Central…

3 years ago

BREAKING: Naira Gains At Official Market As External Reserves Rise Massively

Naira has gained at the official market as external reserves rise for the first time in over a month. Glamtush reports that the exchange…

3 years ago

BREAKING: Naira Gains Massively At Official Market, See New Exchange Rate

Naira has gained massively at official market. Glamtush reports that the exchange rate between the naira and the US dollar…

3 years ago

BREAKING: Naira Sustains Gain At Official Market As Forex Supply Dips Further

Naira has sustained gain at the official Market as forex supply dipped further.   Glamtush reports that the exchange rate between the naira…

3 years ago

BREAKING: Naira Crashes By 2.8% At Parallel Market, See New Exchange Rate

Naira has crashed by  2.8% at Parallel Market, See New Exchange Rate below. Glamtush reports that the naira, on Friday,…

3 years ago

Why Naira Is Gaining Against US Dollar At The Black Market 

Naira has continued to gain against US Dollar at the Black Market . Glamtush reports that Naira strengthened against the US dollar last week to…

3 years ago

JUST IN: Naira Gains Massively At Black Market, See Today’s Exchange Rate

Naira has gained massively at the black market, see today’s exchange rate below. Glamtush reports that the American official currency, dollar crashed…

3 years ago

Naira Gains Massively At Black Market, Remain Flat At Official Market

Naira has gained massively at the black market and remained flat at the official market. Glamtush reports that the exchange rate between…

3 years ago