Home Topics Investors and Exporters

Investors and Exporters

Bureaux de Change operators back central bank’s policies

The Association of Bureaux De Change Operators of Nigeria (ABCON) has expressed its support for the Central Bank of Nigeria’s (CBN) monetary policy and intervention in critical sectors in the economy.

Bureaux de Change operators set exchange rate agenda for President Buhari

The Association of Bureaux de Change Operators of Nigeria (ABCON) has set N250 to dollar exchange rate agenda for President Muhammadu Buhari in his second term in office.

Naira up to N361.85 to the dollar in I&E window

The Naira yesterday appreciated to N361.85 per dollar in the Investors and Exporters (I&E) window due to an 80 percent increase in the volume of dollars traded.

Naira down to N362.03 to the dollar in I&E window

The Naira yesterday depreciated to N362.03 per dollar in the Investors and Exporters (I&E) window.

Central bank spends $20.91 billion in six months to defend naira

Within a space of six months this year, the Central Bank of Nigeria (CBN) has so far expended about $20.91 billion to stabilise the naira at the various segments of the foreign exchange (forex) market.

Nigeria’s external reserves hit $40.3 billion

Investors have injected $5.23 billion through the Investors and Exporters (I&E) foreign exchange (forex) window in four weeks while the Central Bank of Nigeria, CBN, has intervened in the forex market with $986 million since the beginning of the year.

Take time to study records of President Buhari’s achievement before criticising – Presidency tells...

The Presidency has appealed to former Speaker of the House of Representatives, Ghali Na’Abba, to take a second look at Muhammadu Buhari administration’s achievements since its inception on May 29, 2015.

Naira to hit N360 per dollar at investors’ forex market

The naira is expected to firm slightly to 360 per dollar at the Central Bank of Nigeria’s Investors and Exporters Foreign Exchange window next week as trading picks up after the Christmas and New Year holidays.

Fitch Rating issues warning on profitability of Nigerian banks

Fitch Rating agency yesterday warned that Nigerian banks will struggle to sustain the same level of profitability this year due to reduction in government borrowing through treasury bills (T-Bills).

Central bank weakens naira to 307/dollar for first time

The Central Bank of Nigeria on Monday weakened the naira marginally, selling dollars at 307 for the first time on the official interbank market.

Nigeria’s external reserves hit $34bn – Central bank

The nation’s external reserves have hit $34bn from $33.6bn attained on October 25, the Central Bank of Nigeria has stated.

Naira crashes against dollar, other currencies

The Naira, yesterday, crashed in the parallel market, Investors and Exporters (I&E) window.

Naira depreciates in parallel market

The Naira depreciated yesterday to N365 per dollar in the parallel market.

Recent Stories

At least 60 killed in Ghana bus collision

At least 60 people were killed on Friday in a head-on collision between two buses in southern Ghana, police said.
No fewer than 23 persons were trapped in a three-storey building under construction which collapsed in Ibadan on Friday, witnesses said.

Building collapse: NAPPS urges proprietors to build schools themselves

The Lagos State chapter of National Association of Proprietors of Private Schools (NAPPS) has urged private school owners to endeavour to build their school structures themselves, rather than depend on a leased or developers’ building to operate.
nigeria police

Kaduna elections: Police arrest 172 suspects for electoral offences

The Kaduna State Police Command said it has arrested no fewer than 172 suspects over alleged involvement in various forms of malpractices during the just concluded general election in the state.

Boko Haram: Troops construct water, bread factories to support soldiers

Troops of 115 Task Force Battalion, Operation Lafiya Dole, Nigerian Army in Askira-Uba, have constructed bread and sachet water factories to support soldiers fighting Boko Haram insurgents in Borno.

PDP: No need for supplementary elections in Bauchi

The Peoples Democratic Party (PDP) has tackled the Independent National Electoral Commission (INEC) over its decision to conduct supplementary governorship election in Bauchi state.