Forex

THE FIRST ONLINE FOREX FIRM

Posted on by Gambeta News
THE FIRST ONLINE FOREX FIRM

Execution Point Limited licenced to operate online forex  Execution Point Limited received online forex licence from The Capital Markets Regulator. This is first of such authorization. Execution Point Limited is a local branch of Davisa UK Limited, with a non-dealing forex broker licence. The firm will link clients to markets by providing a platform to trade in foreign exchange. Also the firm is not allowed to engage in selling and buying of currency. Online foreign exchange trading…

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CBN Nigeria administers US$210 million to foreign exchange market

Posted on by Gambeta News
CBN Nigeria administers US$210 million to foreign exchange market

Foreign exchange market recieves US$210m from CBN to ensure stability and sustain liqiudity Central Bank of Nigeria (CBN) added US$210 million to the Inter bank Foreign Exchange Market. This move is in line to ensure availability and meet customers’ request. Mr Isaac Okorafor,  the acting Director, Corporate Communications  said the wholesale division received US$100 million, while Small and Medium Enterprises (SMEs) received US$55 million. Also, 55 million dollars for customers requiring foreign exchange for tuition…

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