The Central Bank of Nigeria sold a whopping $36.6 billion in forex in 2018 according to a report released during the week on its website.
This compares to $15.8 billion sold in 2017, a whopping 130% rise. The report, 2018 Activity report, is aimed at “informing the public …
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The Central Bank of Nigeria (CBN) yesterday intervened in the interbank foreign exchange market by injecting the sum of $210million to boost supply in the market.
Figures obtained from the apex bank indicated that it offered the sum of $100million to the wholesale segment, while the Small and...
LPG The continuous rise in the price of Liquefied Petroleum Gas (LPG), otherwise …
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Central Bank of Nigeria Sustained forex intervention by the Central Bank of Nigeria (CBN) spurred expansion of the nation’s Manufacturing Purchasing Managers’ Index (PMI) as it rose to 57.0 in June, improving from 56.5 index points in May.
According to the …
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The Central Bank of Nigeria (CBN) on Friday published the long-awaited regulatory guidelines for prospective operators under the bilateral currency swap agreement between Nigeria and China. The guidelines titled: “Regulations for Transactions with Authorised Dealers in Renmnbi” was signed by CBN...
The Central Bank of Nigeria (CBN) has approved a Special Secondary Market Intervention Retail Sales (SMIS) for airlines operating in the country.
Also, other critical sectors to benefit from the one-off exercise dedicated to the clearance of the backlog of matured Foreign Exchange obligations...
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