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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 Nigeria: 12/06/2017 - Today's Naira Rate Against Dollars, Pounds and Euros
Nigerian naira appreciated on the black market segment to 367 to the dollar but depreciated to 307 at the official market rate Table below shows today's (12/06/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro:- ProfRem
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Business BDC Operators Lament As Nara/Dollar Rates Converge At FX Markets
Nigeria's Bureaux de change (BDCs) operators have lamented that convergence of parallel and black market rates thereby calling on the Central Bank of Nigeria, (CBN) to review the rate band for BDCs. Aminu Gwadabe, president, Association of Bureaux De Change Operators of Nigeria (ABCON) said the...- ProfRem
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Business CBN Introduces 'Form NXP' To All Exporters To Shore Up FX Earnings
The Central Bank of Nigeria (CBN) has directed all exporters to strictly comply with the Foreign Exchange Manual, as it introduces Form NXP with a view to taking advantage of all exports in the push for increased foreign exchange earnings into the nation’s economy. This was contained in a...- ProfRem
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- cbn forex transaction godwin emefiele naira rate nigeria exchange rate nigeria news
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Business Naira Appreciates Against Pound, Closes Flat Against Dollar
Nigerian naira on Tuesday sustain gained against the United States dollar and appreciated to 475 against the pound sterling at the parallel market as Central Bank of Nigeria introduced news forex rules at the official market segment. The currency also maintained gain at 410 against the Euro at...- ProfRem
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Business CBN Introduces New Forex Rules
The Central Bank of Nigeria on Monday introduced new rules into the interbank foreign exchange market. This development is coming as the Naira to dollar rate climbed to 372 at the parallel market and 305.55 at the interbank market on Monday. The rules were contained in a new circular tagged...- ProfRem
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Business Naira Gains As CBN Sustains FX Intervention
Nigerian Naira continued to sustain gain at the parallel markets and move closer inch to converge with the Official market rate as the Central Bank of Nigeria (CBN) make steady interventions at the foreign exchange market. The CBN has since February been pumping in dollars in all segments of...- ProfRem
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Business Naira Appreciates By 2.1% To Close At 374 Per Dollar
Nigerian naira on Thursday appreciated by 2.13 per cent to close at 374 against the United States dollar at the parallel market as Central Bank of Nigeria, CBN intensify efforts to protect the value of the currency. The currency maintained rate at 490 and 422 against the Pound sterling and Euro...- ProfRem
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Business CBN Injects Another $482.6m into FX Market To Protect Naira
The Central Bank of Nigeria (CBN) on Tuesday again sustained its intervention in the inter-bank segment of the foreign exchange (forex) market by injecting a total of $482.6 million into the market. This, the bank said underlined its determination to protect the value of the naira. A breakdown...- ProfRem
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Business Why Nigeria's External Reserves Fell By $494m in 3 Weeks
Nigeria’s external reserves, which have been on a downward slide since May 5, 2017, fell to $30.5 billion on May 25, indicating a decline of $494 million in 21 days, data on the Central Bank of Nigeria (CBN)’s website showed yesterday. The reserves have been rising steadily since March 28...- ProfRem
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Business Naira To Strengthen Further – BDC Operator
Lagos-based Bureau De Change (BDC) operator, Alhaji Nasiru Ibrahim Gulma has hailed the Central Bank of Nigeria (CBN) interventions in the foreign exchange market. Alhaji Gulma said if everybody can follow the normal procedure, the naira would witness more appreciation. He said one dollar...- ProfRem
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- aboki naira rate alhaji nasiru ibrahim gulma bdc operator bureau de change (bdc) operator naira rate nigeria news nigerian naira
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Business Naira Strengthens to 381 Per Dollar At Parallel Market
Nigerian naira opened trading on Friday on the bullish side, rising to N375 per dollar in the parallel market in response to increased dollar supply and decline in demand. Recall that the parallel market exchange rate which had been stable at N385 per dollar since last week dropped to N375 per...- ProfRem
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Business Naira Gains 1.03% To Close At 386 At Parallel Market
Nigerian naira on Friday gained 1.036 per cent to 386 at the parallel market after the Central Bank of Nigeria (CBN) sold treasury bills to soak up liquidity from the banking system in a bid to curb pressure on the local currency. The currency remained against the Pound sterling and Euro to...- ProfRem
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- cbn central bank interbank rate naira rate nigeria naira exchange rate nigeria news nigerian naira
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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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- cbn cbn pumps $81.2m in forex market central bank of nigeria forex market godwin emefele naira rate nigeria news
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Business CBN Fulfils Promise, Sells Dollar At N360 To BDCs
The Central Bank of Nigeria on Thursday sold $20,000 to each registered Bureau de Change operators who bided for forex yesterday at a rate of 360 naira per dollar in order to boost liquidity. A Trader, Shehu Usman who confirmed the development told Daily Trust that the CBN fulfilled their...- ProfRem
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Business Naira Loses At Parallel Market, Trades 390 Per Dollar
Nigerian naira on Monday depreciated against the United Stated dollar to 390 per dollar, despite Central bank of Nigeria CBN, intervention to close forex margin between official and parallel market. The currency also depreciated against the Pound sterling and Euro at the street market to 495...- ProfRem
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- aboki naira rate naira rate naira rate at aboki naira watch nigeria naira rate today nigeria news
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Business Forex: CBN Creates Special Window For Investors, Exporters, Throws Rates Open
In a bid to strengthen the Naira rate and boosts liquidity, the Central Bank of Nigeria, CBN, on Friday opened a special foreign exchange window for investors and exporters. Tagged: “Investors’ & Exporters’ FX Window”, CBN’s Director in charge of Financial Markets, Alvan Ikoku, said the new...- ProfRem
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- cbn central bank of nigeria forex investors’ & exporters’ fx window naira rate nigeria news
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Business Naira To Gain More Strength As CBN Sell $20,000 To Each BDC Operators
Nigerian naira is set gain more momentum as the Central Bank of Nigeria (CBN) will today, sell $20,000 to Bureax de Change (BDCs) for onward sale to small-end users. Following its injection of $280 million into the Foreign Exchange Market on Tuesday, April 18, 2017, the Central Bank of Nigeria...- ProfRem
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- central bank of nigeria exchange rate forex sale naira rate naira watch nigerian naira
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Business Naira Booms, Gains 1.75% To Close At 400 Per Dollar
Nigerian naira on Wednesday extended gain at the parallel market, appreciating by 1.75 per cent to close at 400 against the United States Dollar. The currency remained stable against the pound sterling and gained 10 naira to close at 420 against the Euro. At the official market segment, the...- ProfRem
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- aboki naira rate naira rate naira watch nigeria naira nigeria naira exchange rate nigeria naira rate today today naira rate
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Business Naira Gains 0.74% To 407 Per Dollar At Parallel Market
Nigerian naira on Tuesday gained 0.74 per cent to close at 407 at the parallel market as Central Bank of Nigeria, CBN, increased forex liquidity to market dealers. The currency remained stable against the Pound sterling and Euro at 497 and 430 respectively. At the official market, the Naira...- ProfRem
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- aboki rate cbn naira gains 0.74% to 407 naira rate nigeria naira exchange rate nigerian
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