Price and exchange rate stability are key responsibilities the Central Bank of Nigeria (CBN) continues to entrench in the Nigeria macroeconomic environment. Sustaining these roles takes a lot of ...

CME Group Inc. (NASDAQ:CME) is one of the high profit margin stocks to buy now. On June 30, CME Group announced its plan to ...

The U.S. Securities and Exchange Commission appears poised to draft new disclosure rules for foreign companies after voting Wednesday to gather public input on changing the definition of a foreign ...

After all, forex market changes are normally discussed in terms of "pips" – or, one one-hundredth of one percent. That means a one pip change on an investment of $10,000 is only moving the value ...

The foreign exchange market (forex) has an average daily trade volume of $7.5 trillion, making it the largest market in the world. Market participants include forex brokers, hedge funds, retail ...

This new system is set to be operational in the Nigerian Foreign Exchange Market by 1 December 2024, following a two-week test run scheduled for November.

An exchange rate is the relative value of one country’s currency versus another. According to the most recent BIS Triennial Central Bank Survey on foreign exchange and over-the-counter (OTC ...

Central Bank In the foreign exchange market, central banks are highly involved because they want a hold on the exchange rate of the nation's currency. Whenever the currency movement deviates away from ...

The Foreign Exchange Management Act (FEMA) now also has a revised definition of a “startup” to align with the latest notification from the Department for Promotion of Industry and Internal Trade ...

These transactions took place within an exchange rate range of N1,498.00/US$1 to N1,530.00/US$1. Additionally, the CBN purchased US$9,500,000 (Nine Million and Five Hundred Thousand Dollars) from ...