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Naira trades strong as CBN injects $210m into forex market

In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million...

2 Financial experts commend CBN forex intervention

Financial experts have commended the foreign exchange intervention move of the Central Bank of Nigeria (CBN), stating that...

CBN injects $337m into Inter-Bank Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex)...

NAN: CBN pumps $337m, Chinese Yuan into FOREX market

CBN injects $337m and 53m Yuan into Forex marketBy Racheal Ishaya In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected...

CBN to intensify forex restriction

Mobile courts to try naira abusers The Central Bank of Nigeria (CBN) may intensify its foreign exchange restriction on certain items as part of efforts...

Forex: CBN Boosts Market with $210mn

Godwin Emefiele CBN Governor Forex: CBN Boosts Market with $210mn The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the...

Naira depreciates to N364.28k against dollar at investors forex window

The nation’s currency on Monday, depreciated against the U.S dollar across segments of the foreign exchange market. Naira lost N0.60k or 0.16 perecnt...

Foreign Investors: CBN Allays Fear over Forex Sanctions

Godwin Emefiele CBN Governor Foreign Investors: CBN Allays Fear over Forex Sanctions The Central Bank of Nigeria (CBN) acknowledges the public interest over sanctions recently imposed...

Forex investors trade N1.13trn in 2 weeks — Daily Times Nigeria

…5 banks rake N362bn from investments in 6 months…CBN injects $ 615m, CNY46.58m in 1 week, reserves now $45.468bnInvestors and Exporters (I&E) FX window...

Forex demand pressure pushes down external reserves to $45.46bn

Nigeria’s external reserves have declined to $45.46 billion as at September 6, 2018 from the recent peak of $47.86 billion as at last...

CBN injects $303m, CNY 46.58m into forex market – Punch Newspapers

Nike Popoola The Central Bank of Nigeria, on Friday, injected the sum $303.91m into the interbank retail Secondary Market Intervention Sales segment of the foreign...

CBN injects $303m, CNY 46.58m into forex market

The Central Bank of Nigeria (CBN), on Friday, September 07, 2018, injected the sum $303.91 million into the interbank retail Secondary Market Intervention...

CBN deducts N5.5bn from StanChart, Citi, Stanbic IBTC over forex

The Central Bank of Nigeria has deducted total sum of N5.486 billion from accounts of Standard Chartered, Citigroup and Stanbic IBTC Plc over violation...

Naira appreciates as CBN injects $210m into forex market

The nation’s currency on Tuesday appreciated across segments of the foreign exchange market as the Central Bank of Nigeria (CBN) made available the...

Forex, T-Bills, others record N99.5trn turnover in 7 months

…As 3 banks account for N44.90trn FX turnover…Investors trade $1.93bn forex in 6 daysForeign exchange transactions, Treasury bills, FGN Bonds and Other Bonds traded...

Report shows Senate exonerated MTN of $14bn forex transfers

A Senate report dated November 8, 2017, actually exonerated MTN Nigeria of an alleged illegal repatriation $13.92 billion to its headquarters in South...

Naira gains as CBN injects $543m, CNY 63m into forex markets

The nation’s currency on Friday traded strong after the Central Bank of Nigeria (CBN) on Thursday, August 23 and Friday, August 24, 2018,...

Increasing cost of generation, liquidity concerns, forex access threat to  sector, GENCOs warn

Generating Companies in Nigeria (Gencos) are raising concern over   increasing costs of power generation,even as express worry on grid operations, liquidity challenges,...
The Sun Newspaper

Ministry, CBN to include ICT on forex list

The Minister of Communications Technology, Mr Adebayo Shittu, says the ministry is collaborating with the Central Bank of Nigeria (CBN) to include the ICT...

CBN injects $210m into forex market

The Central Bank of Nigeria (CBN) yesterday injected $210 million into the inter-bank Foreign Exchange (forex) Market. The move was meant to boost forex...
The Nation Nigeria Newspaper

$210m forex injection lifts naira – The Nation Nigeria

The Central Bank of Nigeria (CBN) yesterday injected $210 million, to meet customers’ requests in various segments of the foreign exchange market. The CBN, in...

Forex: CBN injects US Dollars, Chinese Currency into Interbank

Godwin Emefiele CBN Governor Forex: CBN injects US Dollars, Chinese Currency into Interbank Following last week’s take-off of its intervention in the sale of foreign exchange...

Forex trade booms in pilgrims’ camp

Forex dealers besiege Nigerian pilgrims By Idris Abdulrahman Foreign exchange black market operators are making brisk business from Nigerian pilgrims in Madinah...

CBN pumped $2.60bn into forex market in June

In the wake of the sudden naira weakness witnessed in late May, the Central Bank of Nigeria (CBN) stepped up its intervention in the...

$48b foreign reserves, forex interventions keep naira stable

The naira will remain stable at both the official and parallel markets, with the rise in foreign reserves to $48 billion and the consistent...

Forex: CBN gives Retail SMIS $343.06m boost

Godwin Emefiele CBN Governor Forex: CBN gives Retail SMIS $343.06m boost The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from...

CBN boosts retail forex market with $343.06m

Central Bank of NigeriaCENTRAL Bank of Nigeria (CBN) has again intervened in the retail secondary market intervention sales (SMIS) with $343.06 million.Figures obtained from...
Businessday Newspaper Logo

CBN boosts wholesale forex market with $210m

The Central Bank of Nigeria (CBN) on Tuesday injected a total of $210 million, to meet customers’ demand for foreign exchange in the...
Businessday Newspaper Logo

Election jitters to raise pressure on forex demand

As elections draws near, the naira is seen at risk due to expected outflow in forex market amidst culminating pressures. The Nigerian economy is...

I&E Forex Window attracts $50.73b in 13 months

The Investors’ and Exporters’ (I&E) Forex Window has attracted to the economy in 13 months $50.73 billion, a report by FSDH Research has shown. Prior...

Forex: CBN widens margin for BDCs by N3

CBN The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin for operators of Bureau De Change (BDC) in...

I&E Forex Window Excites FirstBank CEO  

Adesola Adeduntan ...

CBN Injects $331M Into Forex Market

 The Central Bank of Nigeria (CBN) continued its intervention on the Interbank Foreign Exchange Market.The CBN on Friday with an...

Emefiele enforces OTC forex order

• CBN boss says no one should buy USD above N360 The Governor of the Central Bank of Nigeria (CBN),  Godwin Emefiele, yesterday paid unscheduled...

BDCs reject CBN’s mandatory forex bids

A showdown appears to be looming between Bureau De Change (BDC) operators in the country and the Central Bank of Nigeria (CBN) over new...

Sale of Forex to Travelers Over the Counter

CBN Sale of Forex to Travelers Over the Counter In order to ensure that eligible travelers are able to access foreign exchange and make liquidity available...

CBN mandates BDCs to access 3 times weekly forex from its window

by Hope Moses-Ashike | May 27, 2018 2:56 pm

CBN mandates banks to sell forex to customers over the counter

• Asks banks to access dollars from CBN thrice a week Nigerians travel-ling overseas can now heave a sigh of relief following the release of...

Forex: CBN to Sanctions Bank BTA/PTA to Customers

CBN Forex: CBN to Sanctions Bank BTA/PTA to Customers The Central Bank of Nigeria (CBN) has reliably gathered that some banks are turning back customers that...
Businessday Newspaper Logo

Naira closes stable as CBN lifts forex market with $210m

by Bill Okonedo | May 24, 2018 11:57 am

Sustain The Forex Restriction On 41 Items — Leadership Newspaper

Nigeria recently signed a bilateral currency swap agreement with the People’s Republic of China worth about N720 billion. The excitement that followed this historic...

Naira closes stable as CBN lifts forex market with $210m

by HOPE MOSES-ASHIKE | May 23, 2018 8:58 pm

CBN intervenes in forex market

The Central Bank of Nigeria (CBN) on Friday, May 18, 2018, lifted the Retail Secondary Market Intervention Sales (SMIS) of the Inter-bank Foreign Exchange...

Foreign investors rattle forex market

•External reserves record first decline of $72m•I&E weekly turnover drops 3months low•CBN intervene with $503m•Exchange rate fluctuates By Babajide Komolafe FOLLOWING the...

Will the $2.5bn currency deal with China solve forex liquidity problem? – Punch Newspapers

•Mr. Rislanudeen Mohammed (Managing Director, Safmur Investments Limited)IN the context of minimising concentration risk of having our foreign exchange denominated in United States...

Will the $2.5bn currency deal with China solve forex liquidity problem? – Punch Newspapers

•Mr. Rislanudeen Mohammed (Managing Director, Safmur Investments Limited)IN the context of minimising concentration risk of having our foreign exchange denominated in United States...

Forex, T-bills, other markets turnover hit N40trn in Q1

…As Naira gains at investors FX window …Foreign reserves steady at $47.865bnTotal transaction turnover in the Nigeria’s Foreign Exchange (Forex) market, Foreign Exchange Derivatives;...

CBN Injects $210m Into Forex Market

 The Central Bank of Nigeria (CBN) has injected another round of 210 million dollars into the inter-bank foreign exchange market.A...

CBN pumps $210m into forex market

CBN releases $210m into Forex market The Central Bank of Nigeria (CBN) has pumped $210 into the market to boost the inter-bank...

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...

CBN frown at $36.371bn forex utilisation on oil imports in 4 years

by KEHINDE AKINTOLA, Abuja | May 7, 2018 3:25 pm

$2.5b currency swap deal to ease forex liquidity pressure

The $2.5 billion (Renminbi 16 billion) Central Bank of Nigeria (CBN) and Peoples Bank of China (PBoC) swap  is expected to reduce currency transaction cost...

Naira firms as CBN injects another $210m into forex market

by HOPE MOSE-ASHIKE | April 24, 2018 11:25 pm

ABCON advocates integration of BDCs into I&E forex window

by HOPE MOSES-ASHIKE | April 23, 2018 6:26 pm

Forex, oil price volatility top 2018 business risks — KPMG

By Prince Okafor KPMG Nigeria has said  that Foreign Exchange (Forex) and crude oil price volatility are among the top ten risks for Nigerian businesses...

Forex: IMF Seeks Unified Exchange Rate Regime

Currency dealers at work ...

CBN injects fresh $210m into forex market – Punch Newspapers

The Central Bank of Nigeria has intervened with another sum of $210m in the foreign exchange market to meet the requests of customers, as...

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