forex market
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CBN injects fresh $331m into forex market – Daily Post Nigeria
The Central Bank of Nigeria (CBN) on Friday sold a total of $331.41million to players in different sectors in the Retail Secondary Market Intervention Sales (SMIS). This move was in continuation of its push to guarantee foreign exchange liquidity. Confirming the releases, the Bank’s Acting...- curator
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CBN Injects $210m In Forex Market – Leadership Newspaper
The Central Bank of Nigeria (CBN), yesterday boosted the inter-bank Foreign Exchange market with another sum of $210 million. The apex bank again offered the sum of $100 million to authorised dealers in the wholesale segment of the market. The Small and Medium Scale Enterprises (SMEs) segment...- curator
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Business CBN injects fresh $210m into forex market - Punch newspaper
The Central Bank of Nigeria has intervened with another sum of $210m in the foreign exchange market to meet the requests of customers, as the regulator continues its efforts to maintain a stable exchange rate for the naira. A breakdown of the figures obtained from the bank in Abuja on Tuesday...- Iroka Chinedu
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Business CBN Lifts Forex Market With $210m – Leadership Nigeria Newspapers
In its desire to ensure the availability of forex and also meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) has injected another sum of $210million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank yesterday indicate that the...- curator
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Business Naira to hit 360/dollar at investors’ forex market – Punch Newspapers
Oyetunji Abioye with agency report The naira is expected to firm slightly to 360 per dollar at the Central Bank of Nigeria’s Investors and Exporters Foreign Exchange window next week as trading picks up after the Christmas and New Year holidays. The local currency had traded weaker at 362/dollar...- curator
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Business CBN Pumps Fresh $250m Into Forex Market
The Central Bank of Nigeria (CBN), on Monday intervened with another sum of $250 million Its continuing efforts to keep the inter-bank foreign exchange market liquid. A breakdown of Monday’s intervention indicates that the wholesale sector was offered the sum of $100 million, just as the...- ProfRem
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Business CBN Pumps Another $250m into Forex Market
The Central Bank of Nigeria (CBN) has again intervened in the Inter-Bank Foreign exchange Market to the tune of 250 million dollars. Isaac Okorafor, acting director, corporate communications department of CBN, said the apex bank also sold $100 million and uplifted the small and medium...- ProfRem
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Business Nigeria's Central Bank Sells $462m To Boost Forex Market
The Central Bank of Nigeria on Friday sold another $462,336,426.74 to prop up the Naira value and improve consumer prices. This intervention came after the apex bank sold $194 million on Monday. Mr. Isaac Okorafor, the Acting Director in charge of Corporate Communications of the Central Bank...- ProfRem
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Business CBN Injects $195m into Forex Market
The Central Bank of Nigeria (CBN) has intervened in inter-bank Foreign Exchange Market with the supply of $195 million as an effort to stabilise the market. The acting Director, Corporate Communications of the apex bank, Mr Isaac Okorafor, said in a statement on Monday that $100 million was...- ProfRem
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Business CBN Pumps Over $400m Into Forex Market
The Central Bank of Nigeria intervened in the inter-bank foreign exchange market with $413.5 million on monday, to guarantee liquidity in the system. A breakdown of the latest round of intervention shows that $100 million was allotted to the wholesale window, while the small and medium...- ProfRem
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Business CBN Expresses Satifaction In Naira Rate, Pumps $81.2m Into Forex Market
The Central Bank of Nigeria (CBN) on Monday intervened in the foreign exchange market with $81.2 million, covering invisibles and Small and Medium Enterprises (SMEs) segments. The intervention, which came on the heels of $389 million offer in the retail segment of the forex market last weekend...- ProfRem
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Business Nigeria's External Reserves Hit $30Bn
Hopes of further appreciation of the naira brightened as the nation’s external reserve rose to $30 billion, the highest in 13 months. Consequently, the external reserve has risen by $4.2 billion since the beginning of the year, and by $6.2 billion since October 19th, 2016 when it commenced its...- ProfRem
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Business CBN Reinstates 9 Banks Suspended From Forex Market
The Central bank of Nigeria (CBN ) has reinstated the nine banks that were recently suspended from the foreign exchange market. The reinstatement of the banks was announced in Abuja on Wednesday by the CBN Director of Banking Supervision, Mrs. Tokunbo Martins. She explained that the apex...- ProfRem
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Business Nigeria: Forex Market Records $327 Million Trade in One Day
The interbank market recorded an unprecedented inflow of USD327 million, yesterday, with a single transaction of USD270 million by foreign investors. This development drove interbank rate down to N305.5/ USD1, from last Friday’s closing rate of N314.95/ USD1. Bank treasurers said the...- ProfRem
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Business FX Market: CBN Meets Association of Bureaux De Change Operators
The Central Bank of Nigeria (CBN) will meet with representatives of the Association of Bureaux De Change Operators of Nigeria (ABCON) at Clover Hall, Lagos today. According to BusinessDay, the meeting is scheduled to discuss issues concerning ways to deepen and achieve a more vibrant foreign...- ProfRem
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