Forward Exchange Contracts: Comprehensive Guide on Definition and Calculations

Explore forward exchange contracts: a detailed look into their definition, operation, formula calculations, and application ...

How Forward Swaps Work: A Guide to Their Mechanics and Advantages

Learn how forward swaps can be used to exchange cash flows or assets at a future date, along with their role in hedging risks ...
The Nation Newspaper

CBN concludes forensic audit of FX forward contracts

The Central Bank of Nigeria (CBN) says it has completed a major forensic audit into the country’s foreign exchange transactions under the Retail Secondary Market Intervention Sales (RSMIS) scheme, ...
The Nation Newspaper

Minister to intervene in $2.4b unsettled forex forward contracts

The Minister of State, Industry, Trade and Investment, Sen. John Owan Enoh, has pledged to intervene in the manufacturers’ claim of $2.4 billion unsettled foreign exchange (forex) forward contracts.
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CBN closes FX forward contracts probe, rules out appeals

The Central Bank of Nigeria (CBN) has concluded its forensic audit into undelivered foreign exchange (FX) forward contracts, declaring the case closed and stating that no appeals will be entertained.