In forward contracts, the buyer and seller agree to an exchange at some future date, on negotiated terms. This is an over-the-counter instrument that's typically non-transferable. Futures FX ...

The Director of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, has urged the Central Bank of Nigeria to allow companies affected by the unresolved $2.4bn matured foreign exchange ...

A foreign exchange forward contract refers to an agreement to buy or sell foreign exchange at a specified price but for delivery and payment in the future. In the case of NDFs, only the price ...

Muda Yusuf, the chief executive officer of the Centre for the Promotion of Private Enterprise (CPPE), has asked the CBN to ...

Exporters and non-bank corporates contributed 64 percent of the total dollar inflows into the  window last week.

The $2.4bn in question is part of a larger $7bn foreign exchange forward contract backlog. In February 2024, CBN Governor Olayemi Cardoso stated that the unresolved portion had issues, such as a ...

FX Forward and FX Non-Deliverable Forward (NDF) products. FX Allocation Indices contain predefined baskets with rules-based construction, and our Beta Indices feature rolling schedules and ...

An economist, Muda Yusuf, has asked the Central Bank of Nigeria (CBN) to invite companies who have been affected by the $2.4bn unresolved matured foreign exchange forward contracts. According to ...

An economist, Muda Yusuf, has asked the Central Bank of Nigeria (CBN) to invite companies who have been affected by the $2.4bn unresolved matured foreign exchange forward contracts. According to ...