Why exchange rate disparity remains high despite CBN’s intervention

Despite the intervention measures by the CBN, why does the disparity between the official and black-market rates remain high?

CBN injects fresh $51.8m into FX Markets

by NM Partners

October 5, 2020

The CBN is looking to boost the value of the naira and thus strengthen the economy of the country.

ABCON warns FG on France’s involvement in ECO currency , CBN goes hard on BDC operators, issues various fines

BDC operators reveal the major challenge with resumed sales of forex by CBN

by Chike Olisah

September 3, 2020

The BDC operators said that the profit margin would not be enough to cover their expenses.

ABCON explains how to stop naira depreciation

by Chike Olisah

July 26, 2020

Reopening of the BDC window for foreign exchange would crash the prevailing spike in the exchange rate.

COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low , Forex, Naira drops further at the black market despite appreciating at I&E window

Naira recovers sharply at black market but falls at I&E forex window

by Chike Olisah

June 25, 2020

Forex turnover at the Investor and Exporters (I&E) window on Wednesday, June 24, 2020, stayed relatively flat when compared to the day before. This ...

ABCON President explains why there is forex crisis, lists sources of forex for BDCs

by Chike Olisah

June 24, 2020

Gwadebe said that the pandemic caused supply disruptions as the price of crude oil went down.

Naira set for recovery as ABCON issues guideline to members on forex sales resumption

by Chike Olisah

May 26, 2020

It is obvious that the CBN has come to realize that BDC operators can be the difference between naira recovery ...

Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion maturing contracts expires, Naira hits N388.84 to $1 at the currency spot market, Investors and Exporters (I&E) window, Naira weakens against the dollar by 1.14% amidst uncertainty, Naira gains against the dollar at I&E window, forex liquidity up by 242%

Naira weakens against the dollar at I&E window, as CBN resumes dollar sales to BDCs

by Chike Olisah

May 21, 2020

The CBN Governor had also advised businesses to stop patronizing the parallel market as it had the ability to meet ...

Foreign exchange market, Nigeria’s fixed income & money market update ending 13th March, 2020, Why the s, CBNtrong dollar is giving Nigeria headache, Nigerian banks broadly positive after Naira devaluation, Exchange rate sustains gain at NAFEX window as CBN orders BDCs to sell at N386/$1

Exchange Rate: CBN suspends sale of FX to BDCs

by CSL Stockbrokers

March 28, 2020

The Central Bank of Nigeria, in a note issued to Bureau De Change operators (BDCs) in the country, suspended the ...

Dollar to sell for N360, ABCON insists

by Chike Olisah

March 20, 2020

Association of Bureau De Change Operators of Nigeria has given assurances to the public of continued sale of dollars at the official price

Tag: ABCON