I&E Forex Window

EFCC Probes Beneficiaries Of Forex Allocations, Raids Dangote Headquarters In Lagos

January 04, (THEWILL) - Operatives of the Economic and Financial Crimes Commission (EFCC), on Thursday, raided the headquarters of the Dangote Group in Lagos. While details of the incident are sketchy, THEWILL gathered that the raid may not be...

Naira Deepens To N869.91/$ On Official Window Amid Uncertainties Over Parallel Market Gains

November 08, (THEWILL) - The naira plunged deeper to N869.91 per dollar on the Nigerian Autonomous Foreign Exchange Market (NAFEM), formerly Investors’ and Exporters’ (I&E) window, on Tuesday as shown on the FMDQ website. This was the lowest depreciation in...

CBN Faults JP Morgan’s Report On Forex Reserves

August 24, (THEWILL) - The Central Bank of Nigeria (CBN) has faulted the bank’s financial accounts estimation published by JP Morgan, raising concern over the motive. The apex bank spoke through its Director, Monetary Policy Department, Dr Hassan Mahmud, during...

CBN’s Naira Float Policy: Daily Market Turnover Rises 444% To $311m On I&E Window

June 17, (THEWILL) – Daily market turnover rose to $311.82 million Friday at the I&E forex window - two days after the Central Bank of Nigeria (CBN) announced the Naira floating policy, This represents a 444 percent surge from...
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Tinubu Flags Off $3.5bn Bakassi Deep Seaport, Targets Lagos Port Congestion

The President, Bola Ahmed Tinubu has flagged off the construction of the $3.5 billion Bakassi Deep Seaport in Cross River State, describing the project as a strategic investment that will reduce pressure on Lagos ports and reposition Nigeria’s maritime industry.
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