30 results
- 4 Mar 2015
Technology is Critical in Creation of Retail Forex Market - Ahmad
Jameel Ahmad is the chief market analyst at Forex Time (FXTM). Having worked in the UK, US and Cyprus, Jameel has built a very strong background not only in forex analysis but also in risk management…
- 26 Aug 2015
Expert Explains Nigerians Motivation towards $5tr D/Turnover Forex Market
Professor Andreas Thalassinos, forex expert speaking during ForexTime Trading and Investment Conference held in Lagos recently, disclosed that Nigerians are beginning to appreciate and participating…
- 16 Apr 2026
Africa's Forex Market in 2026: Key Trends Every Trader Should Watch
The forex market across Africa is witnessing more participants and more regulatory attention than it did just a few years ago. This growth is part of a bigger picture: Sub-Saharan Africa is expected…
- 29 Jan 2024
CBN Injects $500m into Forex Market vows to Clear Backlog
Central Bank of Nigeria (CBN) has injected another $500 million into the market as part of measures to address the persistent backlog of verified foreign exchange (forex) transactions across the…
- 14 Apr 2025
CBN Pumps in Additional $150m into Forex Market to Safeguard Naira
Central Bank of Nigeria (CBN) has reportedly injected $150 million into the foreign exchange market at the beginning of the week to keep the naira safe under pressure. With sustained forex market…
- 3 May 2017
CBN Expels 16 Banks from Forex Market
Central Bank of Nigeria (CBN) on Tuesday stopped 16 Deposit Money Banks from participating in the Small and Medium-scale Enterprises (SMEs)window of the foreign exchange market. Isaac Okorafor,…
- 9 Jan 2014
Forex Time Demo Competition Reveals Market Ingenuity
Foreign exchange-Forex (trade) is the only market that, currency, is truly open 24 hours with decent liquidity throughout the day, with almost $5 trillion traded around the world. It shows the level…
- 19 Feb 2015
CBN Scraps Forex Market, Devalues Naira to N197 to $1
Central Bank of Nigeria (CBN) yesterday finally succumbed to market forces by devaluing the naira by N29, after several months of propping up the local currency. Effective from yesterday, the central…
- 17 Sept 2021
AbokiFX.com Suspends Black Market Forex Quotes
AbokiFX has announced it has temporarily suspended forex rate updates on its platforms, amid accusation by the Central Bank of Nigeria (CBN) that it was involved in the manipulation and sabotage of…
- 15 Jan 2018
CBN Injects $210m Into Forex Market
Fresh $210million has been injected by Central Bank of Nigeria (CBN) into the inter-bank foreign exchange market, to meet customers’ requests in various segments of the market. Figures obtained from…
- 2 Sept 2020
CBN Pumps $50m into Forex Markets to Gauge Demand
Central Bank of Nigeria (CBN) has sold around $50 million to foreign investors on the spot and forward markets, in what the bank said was a test trade to gauge the level of dollar demand on the…
- 6 Feb 2017
Sad! Value of Naira Determined by Forex 'Black' Market- Otunuga
An economic research analyst has bemoaned the inability of the Central Bank of Nigeria to contain the free fall of the Naira in the currency market. Lukman Otunuga, a research analyst at Forex Time…
- 8 May 2018
CBN Injects additional $210m into Forex market
The Central Bank of Nigeria (CBN) has revitalized the inter-bank foreign exchange market with another 210 million dollars. Mr Isaac Okorafor, Acting Director, Corporate Communications, CBN,…
- 31 Dec 2025
How to Use the Correlation of Gold with Other Trading Assets in the Forex Market
Gold remains one of the most powerful commodities in the global financial architecture. It is widely recognized that, for traders in Nigeria, specifically, currency pressures, inflation expectations,…
- 28 Apr 2021
How CBN Injected $1.47bn into Forex Market in one Month
The Central Bank of Nigeria injected $1.47bn into the foreign exchange segment of the market as part of its efforts to stabilise the naira in January. According to figures from the CBN’s January…
- 31 Aug 2016
CBN Reinstates Banks Banned from Forex Market
The Central Bank of Nigeria (CBN) has reinstated all the banks that were banned from the foreign exchange market, Mrs Tokunbo Martins, director, Banking Supervision, has said. She said this on…
- 3 Oct 2024
CBN Introduces EFEMS to Enhance Transparency in Forex Market
Central Bank of Nigeria (CBN) has introduced an Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange (FX) transactions within the Nigerian Foreign Exchange Market (NFEM). Yemi…
- 2 Mar 2016
Illegal BDCs Manipulate Forex Market- Gwadabe
Alhaji Aminu Gwadabe, president, Association of Bureau de Change Operators in Nigeria, said unauthroised persons posing as Bureau de Change (BDC) operators caused irregular fluctuations in the…
- 22 Jun 2015
Oracle’s Revenue, Others Hit Hard by Inconsistent Forex Market
From technology giant, Oracle Corporations, to pharmaceutical companies like Abbott Laboratories to manufacturers like Caterpillar and fast-food chain McDonald's, a strong U.S. dollar against local…
- 4 Oct 2013
DMO Says Demos tic Market Has Increased Forex Inflow
Debt Management Office (DMO) on Friday said that its domestic debt market initiative had helped to increase inflow of foreign exchange. It said that this had also contributed to the growth of…
- 11 Sept 2019
Myths of Online Forex Trading
By Abiola Akinyele, General Manager of FXTM Nigeria Over my decade-long experience of trading the forex market, I have met many individuals with different ideas of what the market is. This includes…
- 4 Jan 2017
Forex: Overview on the 2017 Key Market Themes
Hussein Sayed, chief market strategist at FXTM provides an overview on the 2017 key market themes. Whether you consider 2016 a good or a bad year, it was by no doubt the year of surprises. Not just…
- 5 Apr 2017
Forex Instability Crashes Nigeria's PC Market to Lowest Level in 9 Years
Official PC shipments to Nigeria fell 57.1% year on year in 2016 to total 156,511 units, according to the latest figures compiled by International Data Corporation (IDC). This means the market has…
- 3 Sept 2013
FXTM Expects Global Interest Rates to Remain Same
Forex Time (FXTM) expects the global interest rates to maintain same outlook at least for the next three years, in spite of the United Kingdom (UK) stronger forex market. FXTM is an online forex…
- 28 Aug 2020
Uwaleke, ACMAN Boss Urges CBN to Set Up Whistle-Blower System
Uche Uwaleke, president, Association of Capital Market Academics of Nigeria (ACMAN) has urged the Central Bank of Nigeria (CBN) to set up a whistle-blower system to assist in its implementation of…
- 12 Mar 2015
ForexTime Mulls Free Executive Currency Trading Seminars
The currency market is one of the fastest growing financial markets in Nigeria. To support the growing audience of forex traders in Nigeria and to introduce new investors to the world of forex,…
- 28 Apr 2014
ForexTime Launches Exclusive 30% Bonus for Nigerian Clients
Forex Time (FXTM), international forex broker has introduced a new 30% bonus exclusively for Nigerian clients to give them an extra push toward success. This new bonus aims at providing Nigerian…
- 19 Aug 2017
Analysis: Nigeria Strengthening Economy Attracts Forex Traders
The forces behind currency markets and what makes them tick is always an interesting topic, especially when you talk about the Nigerian Naira. The strength of a country’s currency is often in direct…
- 22 Aug 2013
Forex Time Bags Best Newcomer 2013 Award
Forex Time Ltd (FXTM) has been awarded ‘Best Newcomer 2013’ by the World Finance Awards, following the launch of the forex broker early this year. The World Finance Awards were created in 2007 to…
- 5 Aug 2016
Naira Hits N400/Dollar as Forex Scarcity Worsens
The naira plunged to 400 against the dollar at the parallel market on Thursday as shortage of foreign exchange continued to have negative effects on economic activities in the country, according to…