FOREX Archives - PRNigeria News https://prnigeria.com/tag/forex/ Reliable Platform for Press Release Syndication Fri, 01 Mar 2024 12:42:23 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://i0.wp.com/prnigeria.com/wp-content/uploads/2021/05/PRNigeria-Icon.jpg?fit=32%2C23&ssl=1 FOREX Archives - PRNigeria News https://prnigeria.com/tag/forex/ 32 32 42672738 Forex Manipulation: FG Slams  Binance with $10 Billion Fine https://prnigeria.com/2024/03/01/forex-manipulation-slams/ Fri, 01 Mar 2024 12:42:23 +0000 https://prnigeria.com/?p=126236 Forex Manipulation: FG Slams  Binance with $10 Billion Fine The Federal Government of Nigeria, has imposed a $10 billion fine on Binance, a global crypto exchange at the center of a crypto crackdown in the country. Recall that the government accused Binance of benefiting from alleged illegal transactions, which led to the detention of two […]

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]]> 126236 ONSA Coordinates Probe into Binance, Others… Cryptocurrency Firms to Face Billion Dollars Fine https://prnigeria.com/2024/02/29/onsa-coordinates-probe-into/ Thu, 29 Feb 2024 20:32:32 +0000 https://prnigeria.com/?p=126177 ONSA Coordinates Probe into Binance, Others... ONSA Coordinates Probe into Binance, Others... Cryptocurrency Firms May Dollars Fine

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]]> 126177 Forex crisis: ONSA arrests two Binance executives in Nigeria https://prnigeria.com/2024/02/29/forex-crisis-onsa-arrests-two/ Thu, 29 Feb 2024 08:44:57 +0000 https://prnigeria.com/?p=126123 Forex crisis: ONSA arrests two Binance executives in Nigeria Two Binance executives — an American and a British- Pakistani — have been detained on the orders of National Security Adviser (NSA) Nuhu Ribadu over alleged involvement in foreign exchange manipulations. Their names were not made available. It was learnt last night that the Federal Government […]

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]]> 126123 BREAKING: EFCC Raids Dangote Lagos Office Over FX Deal https://prnigeria.com/2024/01/04/breaking-efcc-raids-dangote/ Thu, 04 Jan 2024 15:44:50 +0000 https://prnigeria.com/?p=117388 BREAKING: EFCC Raids Dangote Lagos Office Over FX Deal Operatives of the Economic and Financial Crimes Commission (EFCC) on search operations have raided the  Lagos head office of the Dangote Group. PRNigeria gathered that the officers are conducting a search on forex allocations to the company during the tenure of Godwin Emefiele as Governor of […]

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]]> 117388 Military Chief demands special courts for terrorists https://prnigeria.com/2023/11/22/military-chief-demands-special/ Wed, 22 Nov 2023 07:59:33 +0000 https://prnigeria.com/?p=111503 Military Chief demands special courts for terrorists The Chief of Defence Staff, Major General Christopher Musa, on Tuesday lamented the delay in the trial of suspected Boko Haram members, saying there should be a special court for terrorists. Musa, who stated this when he alongside other security chiefs, appeared before the House of Representatives on […]

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]]> 111503 EFCC Meets BDC Operators, To Clamp Down on Forex Hoarders in Major Cities https://prnigeria.com/2022/08/05/efcc-meets-bdc-operators/ Fri, 05 Aug 2022 18:37:24 +0000 https://prnigeria.com/?p=75880 EFCC Meets BDC Operators, To Clamp Down on Forex Hoarders in Major Cities As part of its ongoing efforts to check the rising incidence of foreign exchange speculation which has brought pressure on the value of the Naira, the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa today, August 5, 2022, […]

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]]> 75880  NNPC Staff Convicted for Defrauding NUPENG as EFCC Nabs Forex Trader in Kano for Fraud   https://prnigeria.com/2020/10/16/nnpc-staff-convicted-nupeng-efcc-fraud/ Fri, 16 Oct 2020 15:54:35 +0000 https://prnigeria.com/?p=55095 NNPC Staff Convicted for Defrauding NUPENG as EFCC Nabs Forex Trader in Kano for Fraud   Justice Darius Khobo of the Kaduna State High Court, Kaduna on Thursday, October 15, 2020, convicted and sentenced one Nuhu Aliyu for fraud. Aliyu, a staff of Nigerian National Petroleum Corporation, (NNPC)/Nigerian Pipeline and Storage Company Ltd (NPSC) and […]

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]]> 55095 Forex: CBN Boosts Market with $210mn https://prnigeria.com/2018/10/03/forex-cbn-market-210m/ https://prnigeria.com/2018/10/03/forex-cbn-market-210m/#respond Wed, 03 Oct 2018 19:33:32 +0000 https://prnigeria.com/?p=15740 Forex: CBN Boosts Market with $210mn The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Wednesday, October 3, 2018, indicate that authorized dealers in the wholesale segment of the market were offered the sum of $100million, while the […]

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]]> https://prnigeria.com/2018/10/03/forex-cbn-market-210m/feed/ 0 15740 Foreign Investors: CBN Allays Fear over Forex Sanctions https://prnigeria.com/2018/09/19/foreign-investors-cbn-forex-sanctions/ https://prnigeria.com/2018/09/19/foreign-investors-cbn-forex-sanctions/#respond Wed, 19 Sep 2018 18:19:50 +0000 https://prnigeria.com/?p=15598 Foreign Investors: CBN Allays Fear over Forex Sanctions The Central Bank of Nigeria (CBN) acknowledges the public interest over sanctions recently imposed on four deposit money banks (DMBs). We wish to restate that the CBN will continue to welcome foreign investments and investors. Indeed, some of our recent innovations and reforms of the Foreign Exchange […]

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]]> https://prnigeria.com/2018/09/19/foreign-investors-cbn-forex-sanctions/feed/ 0 15598 Forex: CBN injects US Dollars, Chinese Currency into Interbank https://prnigeria.com/2018/07/27/forex-cbn-us-dollars-chinese-currency/ https://prnigeria.com/2018/07/27/forex-cbn-us-dollars-chinese-currency/#respond Fri, 27 Jul 2018 18:16:59 +0000 https://prnigeria.com/?p=14981 Forex: CBN injects US Dollars, Chinese Currency into Interbank Following last week’s take-off of its intervention in the sale of foreign exchange in Chinese Yuan (CNY), the Central Bank of Nigeria (CBN), on Friday, July 27, 2018, injected the sum $340, 507, 376.51 into the interbank retail Secondary Market Intervention Sales. This is in addition […]

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]]> https://prnigeria.com/2018/07/27/forex-cbn-us-dollars-chinese-currency/feed/ 0 14981 Sale of Forex to Travelers Over the Counter https://prnigeria.com/2018/05/27/forex-travelers-over-the-counter/ https://prnigeria.com/2018/05/27/forex-travelers-over-the-counter/#respond Sun, 27 May 2018 00:08:19 +0000 https://prnigeria.com/?p=14198 Sale of Forex to Travelers Over the Counter In order to ensure that eligible travelers are able to access foreign exchange and make liquidity available in the market, the Central Bank of Nigeria (CBN) wishes to make the following release: All Deposit Money Banks (DMBs) are mandated to buy and sell foreign exchange to travelers […]

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]]> https://prnigeria.com/2018/05/27/forex-travelers-over-the-counter/feed/ 0 14198 Forex: CBN to Sanctions Bank over BTA/PTA to Customers https://prnigeria.com/2018/05/24/forex-cbn-sanctions-bank-customers/ https://prnigeria.com/2018/05/24/forex-cbn-sanctions-bank-customers/#comments Thu, 24 May 2018 12:13:31 +0000 https://prnigeria.com/?p=14170 Forex: CBN to Sanctions Bank over BTA/PTA to Customers The Central Bank of Nigeria (CBN) has reliably gathered that some banks are turning back customers that come to purchase BTA/PTA and forex for pilgrimage. We hereby appeal to bank customers to go straight to their banks to buy forex as the CBN has supplied enough […]

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]]> https://prnigeria.com/2018/05/24/forex-cbn-sanctions-bank-customers/feed/ 1 14170 Forex: Retail SMIs get $304.4m https://prnigeria.com/2018/01/26/forex-retail-smis-get-304-4m/ https://prnigeria.com/2018/01/26/forex-retail-smis-get-304-4m/#respond Fri, 26 Jan 2018 18:16:53 +0000 https://prnigeria.com/?p=12298 Forex: Retail SMIs get $304.4m The Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) of the inter-bank Foreign Exchange Market to the tune of $304,400,000.00. Figures obtained from the Bank indicate that the sum, as in previous interventions, were in favour of interests in the agricultural, airlines, petroleum […]

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]]> https://prnigeria.com/2018/01/26/forex-retail-smis-get-304-4m/feed/ 0 12298 FOREX: CBN consolidates market stability with $195m https://prnigeria.com/2017/10/23/forex-cbn-market-stability/ https://prnigeria.com/2017/10/23/forex-cbn-market-stability/#respond Mon, 23 Oct 2017 18:26:01 +0000 https://prnigeria.com/?p=10911 FOREX: CBN consolidates market stability with $195m The Central Bank of Nigeria (CBN) on Monday, October 23, 2017, injected the sum of $195million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank indicate that the CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium […]

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]]> https://prnigeria.com/2017/10/23/forex-cbn-market-stability/feed/ 0 10911 CBN injects $364 m into Inter-Bank Forex Market https://prnigeria.com/2017/08/15/cbn-injects-364-m-inter-bank-forex-market/ https://prnigeria.com/2017/08/15/cbn-injects-364-m-inter-bank-forex-market/#respond Tue, 15 Aug 2017 16:25:45 +0000 https://prnigeria.com/?p=10258 CBN injects $364 m into Inter-Bank Forex Market The Central Bank of Nigeria (CBN) on Tuesday, August 15, 2017, intervened in the Inter-Bank Foreign Exchange Market to the tune of $364million in a bid to sustain liquidity in the market. A breakdown of Tuesday’s forex intervention indicates that the Retail Secondary Market Intervention Sales (SMIS) […]

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]]> https://prnigeria.com/2017/08/15/cbn-injects-364-m-inter-bank-forex-market/feed/ 0 10258 FOREX: Again CBN opens week with $195m intervention https://prnigeria.com/2017/07/31/forex-cbn-195m-intervention/ https://prnigeria.com/2017/07/31/forex-cbn-195m-intervention/#respond Mon, 31 Jul 2017 19:24:05 +0000 https://prnigeria.com/?p=10114 FOREX: CBN opens week with $195m intervention The Central Bank of Nigeria (CBN) on Monday, July 31, 2017, offered $100 million in wholesale auction at the inter-bank Foreign Exchange market and intervened in the Small and Medium Enterprises (SMEs) and invisible segments, with the sum of $50 million and $45 million, respectively. Confirming the figures, […]

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]]> https://prnigeria.com/2017/07/31/forex-cbn-195m-intervention/feed/ 0 10114 CBN injects $195m into Forex market Ahead of MPC Decisions https://prnigeria.com/2017/07/24/cbn-forex-market-mpc/ https://prnigeria.com/2017/07/24/cbn-forex-market-mpc/#respond Mon, 24 Jul 2017 19:04:32 +0000 https://prnigeria.com/?p=10049 CBN injects $195m into Forex market Ahead of MPC Decisions …Offers $100m to Wholesale segment; …SMEs window receives $50m boost; …BTA, others get $45m Ahead of the decisions of the Monetary Policy Committee (MPC) on Tuesday, July 25, 2017, the Central Bank of Nigeria (CBN) on Monday, July 24, 2017 boosted liquidity in various segments […]

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]]> https://prnigeria.com/2017/07/24/cbn-forex-market-mpc/feed/ 0 10049 FOREX: CBN boosts Retail Segment with $254.3m https://prnigeria.com/2017/07/07/forex-cbn-boosts-retail-segment-254-3m/ https://prnigeria.com/2017/07/07/forex-cbn-boosts-retail-segment-254-3m/#respond Fri, 07 Jul 2017 19:35:53 +0000 https://prnigeria.com/?p=9880 FOREX: CBN boosts Retail Segment with $254.3m Players in the retail segment of the Nigerian inter-bank foreign exchange market received a $254.3m boost from the Central Bank of Nigeria (CBN) on Friday, July 7, 2017, following bids received from forex dealers by the apex Bank. Information obtained from the CBN on Friday indicates that the […]

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]]> https://prnigeria.com/2017/07/07/forex-cbn-boosts-retail-segment-254-3m/feed/ 0 9880 CBN supply crashes dollar to N376 in Black Market https://prnigeria.com/2017/04/20/cbn-crashes-dollar-n376/ https://prnigeria.com/2017/04/20/cbn-crashes-dollar-n376/#respond Thu, 20 Apr 2017 21:08:00 +0000 https://prnigeria.com/?p=8941 CBN supply crashes dollar to N376 in Black Market The Naira firmed up at the Bureau de Change (BDCs) segment on Thursday, April 20, 2017, trading at between N376 and N378 to the United States Dollar in Lagos, Abuja and Kano, following interventions by the Central Bank of Nigeria (CBN). A market survey revealed that […]

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]]> https://prnigeria.com/2017/04/20/cbn-crashes-dollar-n376/feed/ 0 8941 Forex Intervention: CBN Releases $370mn https://prnigeria.com/2017/02/21/forex-cbn-releases-370mn/ https://prnigeria.com/2017/02/21/forex-cbn-releases-370mn/#respond Tue, 21 Feb 2017 19:09:15 +0000 https://prnigeria.com/?p=8269 Sequel to its promise to ease the difficulties encountered by Nigerians in obtaining funds for Foreign Exchange transactions, the Central Bank of Nigeria (CBN) on Tuesday, February 21, 2017, carried out wholesale interventions in the interbank FOREX market by providing a total sum of $370,810,810.79 to 23 banks to meet the visible and inviable requests […]

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