CBN’s FX Allocation Strategy: Naira Rebounds as BDCs Access Forex at N1,251/$1

CBN’s FX Allocation Strategy: Naira Rebounds as BDCs Access Forex at N1,251/$1 Naira Reversal: CBN’s Strategic Move Boosts Forex Liquidity with $10,000 Allocation per BDC at N1,251/$1 Introduction In a significant turn of events for Nigeria’s economy, the Central Bank of Nigeria (CBN) has implemented a strategic foreign exchange (FX) allocation strategy aimed at stabilizing…

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Strategic Timing: Navigating the Optimal Entry Points in the Forex Market

strategic-timing-navigating-the-optimal-entry-points-in-the-forex-market Step 1: Understanding Market Hours The forex market operates 24 hours a day, five days a week, spanning major financial centers across different time zones. Identify the key trading sessions: the Asian session, European session, and North American session. Each session has its own characteristics in terms of liquidity and volatility, influencing optimal entry…

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