FX futures markets sit idle amid naira freefall
With the naira’s depreciation showing no signs of abating amid the scarcity of dollars in Nigeria, the foreign exchange futures
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Money
Zenith exits trillion-naira club, Stanbic enters. GTCO now most valuable bank
Zenith Bank has left the club of firms that boast at least N1 trillion in market value while Stanbic IBTC
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Exchange-traded FX futures worth $0.8m executed in first week – FMDQ
Exchange-traded FX futures contracts worth $0.8 million were executed this week following the start of the FMDQ exchange-traded derivatives market.
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What you need to know to get FX from Nigerian banks
One of the biggest commercial banks in Nigeria, Access Bank, has provided the information bank customers need to access foreign
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Naira devaluation credit negative for Dangote Cement, Coca-Cola: Moody’s
The recent naira devaluation is credit negative for Nigeria’s nonfinancial companies with foreign currency-denominated debt and local naira cash flow,
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CBN to resume offer rates quotation for FX futures Monday
The Central Bank of Nigeria will resume the quotation of offer rates for FX futures contracts on Monday, according to
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FX forward, futures contracts surge amid naira devaluation
The demand for foreign exchange forward and futures contracts surged this week as the naira saw a significant decline against
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Nigerian banks ‘satisfactorily healthy and safe’: Emefiele
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has again given banks in the country a clean
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FX futures contracts gain ground on naira weakness
As the naira weakened further against the dollar this week, more users of foreign exchange turned to futures contracts as
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More firms tap futures contracts as naira dips further against dollar
The value of FX futures contracts traded this week between banks and their clients jumped more than eightfold as the
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