Wonder Bank

Manufacturers key into FX futures as market records $294.6m turnover

In order to optimally manage and plan their foreign exchange (FX) requirements and transactions more easily, manufacturers in the country have started taking advantage of the over-the-counter (OTC) FX Futures…

 
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Black Market

Naira inches closer to N400 per dollar

The Naira is gradually sliding further  to the N400 per Dollar threshold as limited dollar supply continues and foreign investors remain reluctant to dig into the Nigerian economy. On Monday,…

 
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CBN tells banks to make extra provisions on dollar loans

Central Bank of Nigeria (CBN) has told commercial lenders to set aside extra provisions against their dollar loans immediately in the wake of the sharp fall in the naira. Naira has…

 
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