CBN injects $289 million into FX markets
The Central Bank of Nigeria (CBN) has injected CNY38.70 million and $289.76 million into the spot and short tenored forward ...
Tag: Foreign Exchange
CBN may add 8 items to FX restriction list
The Dangote Group would soon become a source for foreign exchange once its refinery and fertilizer facility begins operation, the Central ...
FX inflows into Nigeria dip 20% in Q3 2018
CBN economic report for third quarter show aggregate foreign exchange inflow into the economy amounted to US$26.01 billion at end-September 2018.
Market Roundup: Stocks, Treasury Bills, Cryptos.
While equity markets witnessed an uptrend, foreign exchange rates where largely flat. Cryptocurrency markets declined slightly. Here is a rundown ...
This is how much foreign exchange the CBN sold last year
The Central Bank of Nigeria (CBN) recently released annual activity report for 2017. The report shows a total of $9.7 ...
CBN sustains FX intervention with fresh $210 million injection
In its bid to increase forex liquidity and prevent dollar shortages, the Central Bank of Nigeria (CBN) announced that it had ...
CBN vows to sanction banks that sell dollar above N360
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has warned banks against selling dollars to eligible travelers ...
Bureaux de Change operators kick against CBN’s new forex policy
Bureaux de Change (BDCs) operators have rejected the order by the Central Bank of Nigeria (CBN) directing BDCs operators to make ...
Why some banks stopped foreign exchange withdrawal using Naira debit cards
Frequent travellers in the country may have to come up with alternatives as some commercial banks have decided to suspend ...
Emefiele says Nigeria has raked in $10 billion in 6 months from IE window
The Governor of the Central Bank of Nigeria Dr. Godwin Emefiele has stated that the nation has recorded an estimate ...
