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 ...

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 ...

Forex trading is one of the most in-demand and fascinating trading options in the world. You might think that it’s rather straightforward because you’re constantly trying to leverage between different ...

Commercial banks have wound up around 75 per cent of their currency arbitrage positions in the last four trading days ...

(Bloomberg) -- Nigerian President Bola Tinubu plans to slap a one-time 50% tax on windfall profits booked by banks on massive currency gains after the naira was devalued last year. The move, detailed ...

RBI eases offshore forex derivative rules to support hedging, amends related-party clause but keeps $100 million cap on ...

Central bank announcements are among the most significant market-moving events in forex trading. Interest rate decisions, policy statements, and press conferences from institutions such as the Federal ...

The rupee rose by 1.3% to 93.59 against the US dollar on March 30, following RBI restrictions on banks' forex positions. This ...

Excess US dollar liquidity and the decision by the Central Bank of Kenya (CBK) to hold the Kenya shilling steady at around Sh129 against the American currency has curbed banks’ revenue from foreign ...

Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, yesterday defended the Federal Government’s proposed one-off levy on the 2023 foreign exchange (forex) windfall by banks.

Banks in India got a jolt late on Friday after the Reserve Bank of India (RBI) capped their net open positions in the forex market at $100 million. Many have been sitting on large long-dollar ...

The Indian rupee surged against the US dollar, marking its sharpest single-day gain in over 12 years, following the Reserve ...