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A service for FOREX trading professionals · Thursday, January 21, 2021 · 534,873,622 Articles · 3+ Million Readers
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Nigeria FOREX Trading Newswire

  • Published on 18:56 GMT

    NAFEX Exchange Rate Closes At N394.17/$1

    At the Nigerian Autonomous Foreign Exchange Fixing (NAFEX) the exchange rate depreciated and closed at N394.17 to one dollar on Wednesday, January 20, 2021. NAFEX, also known as Importers and Exporters window, is where forex is traded officially. The …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Jan 20, 2021

    Why You Should Start a Forex Brokerage Business in Africa

    Starting from the bottom, the Forex market has become the most preferred and accessible trading area in the world. The change in the trading volume is tremendous everywhere, but one area obviously performed better than the others. Forex trading in Africa …

    Source: South Africa Today - Right-wing
  • Published on 18:56 GMT

    The Year 2020 And Economic Outlook Of 2021

    Everyone agrees that 2020 was a peculiar year. Economies across the globe experienced turbulent economic challenges. In Nigeria, following two consecutive quarters (Q2, 2020 and Q3, 2020) of negative growth, the National Bureau of Statistics (NBS) …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on 10:32 GMT

    FarnKonnect: Fayemi commissions world’s second biggest snail farm in Ekiti

      Adewumi Ademiju, Ado -Ekiti Ekiti State Governor, Dr Kayode Fayemi Wednesday inaugurated the world’s second largest snail farm in the state. The N5billion project is the initiative of Dem Eli Farms and Merchandise through the expertise of Farmkonnect. …

    Source: New Telegraph - Neutral
  • Published on Jan 20, 2021

    Net Forex Inflow Disappoints Expectation

    The Central Bank of Nigeria (CBN) has disclosed that the net foreign exchange (forex) inflow into the Nigerian economy saw a disappointing fall from $9.23 billion to $6.47 billion. In the apex bank’s Economic Report for the month of October 2020, it stated …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Jan 20, 2021

    Nigeria’s earnings drop as OPEC sees revenues down to $323 billion

    Compared to $595 billion in 2019, crude oil export revenues of members of the Organisation of the Petroleum Exporting Countries (OPEC) for 2020 could decline to $323 billion, the U.S. Energy Information Administration (EIA), said in a new report, noting …

    Source: The Guardian (Nigeria) - Uncategorized
  • Published on 09:04 GMT

    FAAC: FG, States, LGs share N619.3bn

    Hassan Dodo, director of Information, ministry of Finance, Budget and National Planning announced this on Wednesday in Abuja. Dodo said the allocation was released after a virtual conference of the Federation Accounts Allocation Committee, FAAC. The …

    Source: Realnews Magazine - Uncategorized
  • Published on Jan 19, 2021

    Understanding AfCTA and Nigeria-Niger rail project

    Reviewing AfCTA’s potential, the United Nations Economic Commission for Africa estimates that the agreement will boost intra-African trade by 52 per cent by 2022. With this, economists posit that AfCTA will consolidate Africa into one trade area to provide …

    Source: Pulse - Uncategorized
  • Published on Jan 20, 2021

    FG, States and LGAs share N619.343bn for December, 2020

    Nduka Chiejina (Assistant Editor)   The Federation Accounts Allocation Committee (FAAC) on Wednesday shared to the three tiers of government N619.343 billion as Federation allocation for December, 2020. This amount includes cost of collection to Nigeria …

    Source: The Nation (Nigeria) - Uncategorized
  • Published on Jan 15, 2021

    Recent activities of the Naira at the foreign exchange market.

    A recent report has indicated a series of fluctuations in the activities of the Naira against the dollar in the NAFEX (I&E Window) trading floor. NAFEX which represents the Nigerian Autonomous Foreign Exchange is Nigeria’s official platform the forex …

    Source: Ventures Africa - Neutral
  • Published on Jan 20, 2021

    Local Cooking Gas Consumption Surpasses 1m Metric Tonnes – PPPRA

    The local consumption of liquefied petroleum gas (LPG), better known as cooking gas, surpassed one million metric tonnes in 2020. This is was disclosed in a statement by the Petroleum Products Pricing Regulatory Agency. The statement was signed by …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Jan 20, 2021

    NIN Registration Centres: Easy Way To Know If NIN Is Successfully Linked To Your 9mobile, Airtel, MTN, Glo

    Federal Government previously announced January 19 as the deadline for Nigerians to link their National Identification Number (NIN) with their SIM cards. If you do not have your NIN, hurry to get it before the final deadline so as to have peace of mind. …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Jan 17, 2021

    Nigeria’s External Reserves To Hit 42 billion in 2021

    Nigeria’s external reserves is expected to rise to $42 billion in 2021, surpassing the level it reached in 2020 which was $35.374 billion The projection was made by Fitch Rating. based on figures obtained from the website of the Central Bank of Nigeria ( …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Jan 17, 2021

    Nigeria’ll suffer from debt overhang if not careful – Chukwu

    Nigeria slipped into a recession in the third quarter of last year. What do you think the economic outlook would be this year? My take is that the economy will most likely come out of recession in the second quarter of 2021. I doubt if it will come out in …

    Source: Punch - Neutral
  • Published on Jan 19, 2021

    AfCFTA: We are well-positioned to make payments smooth for our customers – Ecobank

    The Group Chief Executive Officer, Ecobank Transnational Incorporated, Ade Ayeyemi, has affirmed that the pan-African banking group is facilitating smooth and instant payments across Africa as countries start the implementation of the African Continental …

    Source: Eagle Online - Neutral
  • Published on Jan 19, 2021

    Farmers Predict 25% Crash In Maize Prices as CBN Plans Release Of 300,000 Metric Tonnes

    The decision by the Central Bank of Nigeria, CBN, to release 300,000 metric tonnes of maize from the strategic grain reserve by February will crash the market price of maize, stakeholders have predicted. The apex bank in a statement on Monday, said the …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Jan 14, 2021

    Experts Worry Over Nigeria’s Inflation Control Measures

    FG to keep rate at 11.95% In 2021 The plans put in place by the Federal government to reduce the rising inflation in the country have been described by experts as suboptimal. The country is planning to keep inflation rate stable at 11.95 per cent by the …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Jan 15, 2021

    Nigeria’s inflation soars to 15.75%, highest since 2017

    ’Femi Asu The inflation rate in Nigeria jumped in December to its highest level in more than three years, data released on Friday by the National Bureau of Statistics showed. Inflation stood at 15.75 per cent in December, compared with 14.89 per cent in …

    Source: Punch - Neutral
  • Published on Jan 13, 2021

    Naira weakens further at parallel forex market  

    By FELIX OLOYEDE The pressure continued to mount of the Naira at the parallel foreign exchange market as depreciated by 0.64% to N475 against the Dollar on Tuesday. It, however, strengthened 0.17% to N394.00/$ at the Investors’ and Exporters’ window as …

    Source: Business Hallmark - Neutral
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