forex news

  1. Nigeria Business News

    Business CBN blows $36 billion defending the naira in 2018, up 130% from 2017. – Nairametrics

    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 … Read more via...
  2. Nigeria Business News

    Business CBN Boosts Forex Supply With $210m – Leadership Newspaper

    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...
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    Business Forex, infrastructural constraints worsen Nigeria LPG market woes — Business — The Guardian Nigeria Newspaper

    LPG The continuous rise in the price of Liquefied Petroleum Gas (LPG), otherwise … Read more via guardian.ng – https://ift.tt/2ODT0XS Get more: Nigeria Business News
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    Business Manufacturing index expands further on sustained Central Bank’s intervention – The Guardian Nigeria Newspaper

    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 … Read more via The Guardian...
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    CBN Issues Guidelines For China-Nigeria Currency Swap Deal (Pics) – Nairaland News

    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...
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    Business CBN Approves Special Forex For Airlines, Other Critical Sectors

    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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