FX Inflow: How Foreign Currency Inward Transfer Works

Foreign currency inward transfer commonly referred to as FX inflow is foreign currencies sent from another country to the other e.g. money sent from the United Kingdom to the United States. For an individual, it is a currency sent from another country to the domiciliary account of a recipient in another country. The most popular currencies … Read more

What Is GTBank Exchange Rate Today?

Takeaways: USD/NGN exchange on GTB FX sales was $/N1,130 on Tuesday, April 16, 2024, as the Naira continued to rebound both at the parallel market and on NFEM. The bank uses the prevailing exchange rate on the Nigerian Foreign Exchange Market (NFEM). This means dom account holders can sell their foreign earnings to the bank … Read more

I & E Market Now Known As NFEM

Investors and Exporters rate

UPDATE: The Central Bank of Nigeria has cancelled I & E window after the unification of all the exchange rate windows. It is now known as Nigerian Foreign Exchange Market (NFEM). The latest development followed the decision of Nigeria’s apex bank to abolish multiple exchange rates into the I&E FX Window on Wednesday, June 14, 2023. … Read more

How To Convert Your Dollars To Naira on GTBank Internet Banking

Domiciliary account holders can now convert their dollars to Naira instantly on GTBank internet banking platform. In a message sent to infomediang.com Monday, June 26, 2023, Guaranty Trust Holding Company Plc (GTCO Plc) said: “You can now convert US dollars in your GTbank domiciliary account to naira directly on our platform. It’s instant as a regular … Read more

Is There Uranium in Enugu State?

Enugu State has no uranium as claimed by one Uchenna S Osuchukwu on Twitter on March 19, 2022, about the discovery of uranium in the “Coal City State”. Although, there are many other mineral resources that are in commercial quantities spread across the state. Tweeting at @Uchez2 without providing evidence like the name of the … Read more