Commercial banks have reviewed their policy on forex sales to Nigerian students abroad and travellers. Quarterly dollar disbursements to customers were slashed, with a limit to students schooling ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Yurle Villegas / Investopedia The forex market is a global, over-the-counter market where currencies can be ...

The proposed one-off tax on 2023 foreign exchange (forex) gain by banks may fetch the Federal Government not less than N2trillion, it was learnt at the weekend. President Bola Ahmed Tinubu hinted at ...

BB Governor Md Mostaqur Rahman gave the instruction at a meeting between the central bank and treasury heads of commercial banks ...

INR/USD remittance rates: Rs 90.64 to Rs 92.01 Outward remittance rates: Rs 92.67 to Rs 93.99 per dollar Cash dollar rates may hit Rs 95.05 based on provider. Did our AI summary help? The Indian rupee ...

Indian banks are pressing the Reserve Bank of India to re-evaluate its new $100 million cap on net open foreign-exchange positions, cautioning that the move could trigger substantial mark-to-market ...

New Delhi [India], March 31 (ANI): The Reserve Bank of India's recent move to tighten forex exposure norms for banks could lead to near-term earnings pressure, even as the Street expects some ...

FRANKFURT, Jan 22 (Reuters) - Euro area banks might ‌find it hard to finance ‌themselves on the market, particularly in U.S. dollars and other foreign currencies, if high geopolitical uncertainty ...

Vanguard, the $5.6 trillion asset manager, plans to start using computer-run algorithms this year to trade FX directly with other funds, depriving banks of some of the fees they earn as the middlemen ...