Forex trading

Janefrances Chibuzor A key player in the global online forex trading system, Adaeze Uzochukwu, has listed lack of experience, high cost and complex nature of the business as some of the negative factors. According to the stakeholder, many Nigerians...

February 20, (THEWILL) - The Office of the National Security Adviser (ONSA) and the Central Bank of Nigeria (CBN), have teamed up to clamp down on forex speculators across the country. A statement by the Head, Strategic Communication, ONSA, Zakari...

January 30, (THEWILL) - The International Air Transport Association (IATA) has reacted to the statement by the Central Bank of Nigeria (CBN) that it has fully cleared the backlog of blocked funds owed the international airlines. The CBN had...

January 29, (THEWILL) -The Central Bank of Nigeria (CBN) has injected another $500 million into the market.in a move aimed at addressing the persistent backlog of verified foreign exchange transactions, THEWILL recalls that the apex bank had injected approximately $2...

January 21, (THEWILL) - Credit ratings agency, Fitch, has said that the Central Bank of Nigeria (CBN) continues to face a shortage of foreign exchange to clear the forex backlog. The country’s high debt-service-to-revenue ratio is also contributing to a...

January 17, (THEWILL) - The Central Bank of Nigeria (CBN) has said that it will collaborate with relevant agencies to impose appropriate sanctions against foreign exchange violations. This follows a forensic review which uncovered severe infractions, widespread abuse,...

January 07, (THEWILL) - In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria (CBN) has recently disbursed approximately $61.64 million to foreign airlines through...

October 22, (THEWILL) - If there are winners and losers in the recent policy reversal which restored the 43 import items formerly restricted from the official foreign exchange (forex) window, it is the manufacturing sector. In a twist of events,...

October 09, (THEWILL) - FXTM (ForexTime), leading Forex broker, shook up the trading world with its inaugural Battle Royale competition in Nigeria. The event, which was held in the vibrant heart of Africa, united traders and enthusiasts from diverse...