Nigeria FOREX Trading Newswire

How I learnt 10 languages — Ade Adefeko

You’re 51 and have achieved quite much with your career. How did you manage to get this far? I would say it is the special grace of God because in anything one does, one has to put God first. I am not religious but I am a spiritual person. People often ask …

Nigeria’s forex inflow hits $21bn in Q3

The total amount of foreign exchange inflow into the economy in the third quarter of 2020 stood at $21.46 billion, according to data from the Central Bank of Nigeria (CBN). The CBN, in its third quarter economic report, however, said aggregate forex inflow …

Nigeria’s Foreign Exchange Inflow Dropped by 43.2 percent in May – CBN

Nigeria’s Foreign Exchange Inflow Dropped by 43.2 percent in May – CBN Foreign exchange (forex) inflows into the Nigerian economy fell by 43.2 per cent to $5.52 billion in May 2020, the Central Bank of Nigeria (CBN) has revealed. The CBN disclosed this in …

New trends of 2021 in the trading industry according to OctaFX

Naturally, the Forex market depends on international trade between nations. The pandemic has caused a great deal of economic uncertainty, disruptions in trade, and heightened isolationism. Every country’s response to the health crisis will directly affect …

Experts urge CBN to regulate cryptocurrency

By Lucas Ajanaku   Experts across various industries have advised the Central Bank of Nigeria (CBN) to regulate but not ban  cryptocurrency because of the benefits it offers to innovative youths. President, Stakeholders in Blockchain Association of Nigeria …

Senator Uba Sani’s compelling legislative accomplishments

By Emmanuel Ado Senator Uba Sani, Kaduna Central Senatorial District, is not an accidental politician, nor was his aspiration to represent Kaduna Central Senatorial District be described as an ego trip, propelled by a competition to equal the achievement …

Tourism & Culture, Solution To Nigeria’s Economic Woes – Oyeleke

A tourism expert and chairman, Aloha Hotel and Resort, Osogbo in Osun State, Otunba Soba Oyeleke has described tourism and culture as veritable tools for nation-building and good employment-generating links, if well utilized for the benefit of the youths. …

Nigerians in scramble for meters amid ‘crazy bills’ galore

In Nigeria, more than half of registered electricity consumers get monthly bills that are estimated by the distribution companies and prepaid meters are still hard to come by, more than seven years after the privatisation of the power sector, ‘FEMI ASU …

Nigerian Stock Market Ends Christmas Week With 5.4% Gain

The Nigerian equity market goes for the Christmas holiday with a 5.4% gain driven by an appreciation by Dangote Cement, Mansard, and Oando on Thursday.  The All-Share index was up 5.4% week-on-week to 38,800.01 points, while investors gained ₦1.0trillion …

Naira Adds 2.11% On Christmas Eve At Parallel Forex Market

FOREXNEWSNEWSLETTER December 25, 20200225 The Naira added 2.11% to exchange at N465 against the Dollar at the parallel forex market on Christmas eve, compared with N475/$ it traded the previous day. The local currency also appreciated marginally at the …

NAFEX Update: Naira Weakens Further

The exchange rate at the Nigerian Autonomous Foreign Exchange (NAFEX) window has depreciated for four consecutive days since Monday. At the Investors and Exporters window on Thursday, February 4, 2021, the foreign exchange closed at N397.63 to one dollar …

Investigation: How ‘Pinnick Era’ Of Funds Misuse, Poor Accountability Is Killing Football In Nigeria

As the wind of discontent blows from north to south, it’s not farfetched to assert that Nigerian football has seen better days. From the national teams to the various leagues, the state of affairs fails to inspire confidence in fans and stakeholders. As it …

Naira in mixed performance as forex reserves drop by $198m

Our Reporter   The naira recorded a modest appreciation at the official window but was flat at the parallel market as Nigeria’s foreign exchange (forex) reserves dropped by $197.84 million to $35.01 billion at the weekend. The naira appreciated by 0.3 per …

NCC: Danbatta stresses telecoms role in Nigeria’s economic diversification

The Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC), Prof. Umar Danbatta has described as key the role of telecommunications to the diversification of the nation’s economy. Prof. Danbatta made this assertion in his presentation to …

Forex: CBN sells $3.96bn to BDCs in nine months – New Telegraph

19-year-old UNILORIN Student Commits Suicide After Losing N300m To Forex

A 300-level student of the Department of Agriculture, University of Ilorin, Gbenga Favour Olaoye-Akanbi, has committed suicide after he was allegedly duped by a forex trader, Eseka Chuckwutem Gospel (ESG). Family sources told SaharaReporters that Olaoye- …

FX crisis: China, others blacklist Nigerian firms

There are indications that exchange rate (forex) volatility rocking the country’s manufacturing sector and the economy in general has forced foreign techni-cal partners (suppliers) in China and other key developed countries to blacklist Nigerian firms from …

Digitalisation To Help Nigerian Banks Reduce Cost – McKinsey & Company

McKinsey and Company in a report stated that digitalisation will enable Nigerian banks to achieve between 25 and 40 per cent cost-reduction. The report also urged banks to plan for another round of consolidation in order to thrive beyond the crisis by …

Nigeria’s External Reserves Drops to 8-month Low

The Central Bank of Nigeria’s continued intervention across the various foreign exchange windows has further depleted the country’s foreign reserves to  $34.85 billion as of December 14. Nigeria’s foreign reserves last suffered its lowest descent in April …

B.O.S.S. Class LLC CEO & Founder to Guide 1 Million Entrepreneurs to Lucrative Amazon Online Business Careers

E-commerce Amazon guru and self-made millionaire, Yassin Hall, launches an online university course that will propel entrepreneurs into lucrative success! ATLANTA, GEORGIA, UNITED STATES, March 5, 2021 /⁨EINPresswire.com⁩/ -- Yassin Hall, often …

Brady collection of high-condition antique mechanical banks commands $2M at Morphy’s Feb. 27 auction

Extraordinarily rare ‘Shoot the Chute’ bank soars to $156,000; European tin banks unexpectedly power their way into the top 10 DENVER, PENNSYLVANIA, USA, March 5, 2021 /⁨EINPresswire.com⁩/ -- The revered Bob and Judy Brady collection of antique …

Ark Global Announces New Brand Name and Ticker Change to Alkuri Global Acquisition Corp (NASDAQ: KURIU, KURIW)

New brand name aims to better align technology SPAC with broader sponsor investment funds and strategy Alkuri Global Acquisition Corp (NASDAQ:KIRIU) NASHVILLE, TENN, USA, March 5, 2021 /⁨EINPresswire.com⁩/ -- Ark Global Acquisition Corp. today …

OCI expands global footprint by announcing the launch of its new office in the Malaysian capital.

LONDON, UNITED KINGDOM, March 5, 2021 /⁨EINPresswire.com⁩/ -- The opening of this new office in Kuala Lumpur gives OCI a direct and local presence to better meet the Asian market’s high demand for sourcing, logistics and flexible financing. OCI …

Federal Reserve Board clarifies guidance as it relates to definitions for minority depository institutions

March 05, 2021 Federal Reserve Board clarifies guidance as it relates to definitions for minority depository institutions For release at 4:45 p.m. EST The Federal Reserve on Friday clarified guidance as it relates to definitions for minority depository …

The Thinkubator launch work-based learning programs with more than 200 applications for 60 spots in four career pathways

Youth are training to become Junior Consultants, Project Managers, Research and Analytics Assistants, and Community Advocates and Engagement Specialists. BRONX, NY, UNITED STATES, March 5, 2021 /⁨EINPresswire.com⁩/ -- The Thinkubator, a Bronx- …

Your Home Sold Guaranteed Realty Launches 5 Options for Consumers to Seamlessly Sell, Buy and Move

ROSEMEAD, CA, UNITED STATES OF AMERICA, March 5, 2021 /⁨EINPresswire.com⁩/ -- Your Home Sold Guaranteed Realty (YHSGR) has introduced 5 industry disrupting alternatives to allow consumers to simplify the process of selling their homes. The …

ELIZABETH DIPP METZGER NAMED TO NEW YORK LIFE’S CHAIRMAN’S CABINET TOP 50 IN THE COMPANY

Dipp Metzger has achieved this status for the 9th consecutive year. EL PASO, TX, US, March 5, 2021 /⁨EINPresswire.com⁩/ -- Lizzie Dipp Metzger has been named a member of the 2020-2021 Chairman’s Cabinet of New York Life. Members of the elite …

Osbourne LLC $176,000 Loan Paid Off

LAS VEGAS, UNITED STATES , March 5, 2021 /⁨EINPresswire.com⁩/ -- CapSource, Inc. ("CSI") is pleased to announce that another loan arranged by CSI has been paid in full by the borrower. On October 21, 2020, the borrower, Osbourne, LLC, …

Policy Advice to Asia in the COVID-19 Era

Author/Editor: Changyong Rhee ; Katsiaryna Svirydzenka Publication Date: March 5, 2021 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Disclaimer: The views expressed herein are those of the author(s) and do …

Progress on the Fifteenth General Review of Quotas—Report of the Executive Board to the Board of Governors (April 2019)

Author/Editor: International Monetary Fund Publication Date: March 5, 2021 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Summary: Following the guidance on the Board of Governors Resolution No. 72-1 (December …

Adequacy of Fund Resources—Further Considerations

Author/Editor: International Monetary Fund. Finance Dept. ; International Monetary Fund. Strategy, Policy, & Review Department Publication Date: March 5, 2021 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file …

Progress on the Fifteenth General Review of Quotas—Report of the Executive Board to the Board of Governors (September ...

Author/Editor: International Monetary Fund Publication Date: March 5, 2021 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Summary: Following the guidance on the Board of Governors Resolution No. 72-1 (December …

Progress on the Fifteenth General Review of Quotas—Report of the Executive Board to the Board of Governors (April 2018)

Author/Editor: International Monetary Fund Publication Date: March 5, 2021 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Summary: Following the guidance on the Board of Governors Resolution No. 72-1 (December …

Adequacy of Fund Resources – Preliminary Considerations

Author/Editor: International Monetary Fund. Finance Dept. ; International Monetary Fund. Strategy, Policy, & Review Department Publication Date: March 5, 2021 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file …

2019 Quota Data Update

Author/Editor: International Monetary Fund. Finance Dept. ; International Monetary Fund. Statistics Dept. Publication Date: March 5, 2021 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Summary: The paper …

IMF Staff Concludes Visit to Solomon Islands

March 5, 2021 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of …

Fifteenth General Review of Quotas—Further Considerations

Author/Editor: International Monetary Fund. Finance Dept. ; International Monetary Fund. Strategy, Policy, & Review Department Publication Date: March 5, 2021 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file …

Crank Media Announces the launch of “CRANK GAMING”

VANCOUVER, BC, CANADA, March 5, 2021 /⁨EINPresswire.com⁩/ -- Vancouver, British Columbia – March 4, 2021 – Crank Media Inc (OTC: CRKM) has entered the Video Gaming world with 3 games currently in development, Baghdad Palace, Solomon’s Revenge and …

Preparing for Your First IPO According to Jason Wood CEO

Preparing for Your First IPO According to Jason Wood CEO LARGO, FL, USA, March 5, 2021 /⁨EINPresswire.com⁩/ -- CEO Jason Wood has experience as an entrepreneur that ranges from founder to IPO launcher. For many first-time business owners, the …