The Central Bank of Nigeria (CBN), has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor, in a statement on Tuesday, noted that 100 million dollars was offered to authorised dealers in the wholesale segment of the market. He […]
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The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N361 to the dollar, stronger than the N361.50 traded on Tuesday, while the Pound Sterling and the Euro closed at N488 and N423, respectively. At […]
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The Central Bank of Nigeria (CBN) has provided fresh $210 million to meet customers’ requests in various segments of the foreign exchange market. The Bank’s Acting Director, Corporate Communications Department, Isaac Okorafor, in a statement on Monday in Abuja, said that $100 million was offered to authorised dealers in the wholesale segment of the market. […]
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The Central Bank of Nigeria (CBN) has injected another $262.5m into the foreign exchange market. Nigeria’s apex bank announced this on Friday. The intervention is targeted at the agricultural, airlines, petroleum products and raw materials and machinery sectors. Isaac Okorafor, the Acting Director in charge of Corporate Communications of the CBN, said the fund will […]
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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. According to the acting Director, Corporate Communications of the apex bank, Mr Isaac Okorafor, $100 million was offered through the wholesale segment. The Small and Medium Enterprises (SMEs) segment […]
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Nigerian naira gained on Friday to trade at about 370 per dollar at the parallel market, while the British pound and European euro went for 480, 415, respectively. The country’s foreign exchange reserves however took a dip, sinking from $30,360,798,903 to $30,329,636,331 — shedding over $30 million in less than 24 hours. A bullish ride […]
Continue ReadingThe Central Bank of Nigeria (CBN) is set to release new foreign exchange guidelines on Wednesday, June 15, 2016.The apex bank made the announcement via its Twitter account on Tuesday night. In the tweet, the Bank said: “CBN set to release new Guidelines on flexibility in the Foreign Exchange Market structure on Wednesday, June 15, […]
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