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Forex supply

Business

Exchange rate appreciates at I&E window as forex supply rises to 3-week high

The exchange rate between the naira and the US dollar closed at N420/$1 at the Investors and Exporters (I&E) window. Naira gained against the US dollar on Thursday, reaching its highest level in the week to close at N420.17/$1, representing…

NewsDirect
June 25, 2022

Business

Forex supply: Banks’ documentation process cumbersome – FDC

The Financial Derivatives Company Limited has described the documentation process required by banks for the sale of foreign exchange as cumbersome, saying this will pose a challenge to the public. The CBN Governor, Mr Godwin Emefiele, had last week, at…

NewsDirect
August 7, 2021