CBN injects fresh $51.8m into FX Markets

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

Naira maintains stability at forex markets as dollar supply rise by 57%, Exchange rate, dollar, Foreign Direct Investment, Global Investment, Naira appreciates at I & E window, hits N384 to $1

Naira depreciates against dollar at I&E forex window, dollar supply up by 14.52%

by Chike Olisah

June 16, 2020

The exchange rate at the I&E window is different from the CBN’s published exchange rate.

Naira remains stable at the black market, Brent crude moves past $40 per barrel, Where to invest N500,000 right now, Naira crashes to new record low at black market as businesses divert export proceeds,Naira crashes to N500/$1 at black market as CBN adjusts exchange rates

Naira drops at the parallel market despite gaining at I&E forex window

by Chike Olisah

June 12, 2020

The naira was strengthened on Wednesday as it appreciated to N386.94 to a dollar at the Investors and Exporters (I&E) window, after ...

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 gains at the parallel market as local currency strengthens across forex markets

by Chike Olisah

June 10, 2020

The naira made a rebound in the foreign exchange market as it gained against the dollar at the parallel market.

Global stocks tumble on "corona" sell off, BLOODY WEEKS: Coronavirus cost investors N1 trillion, triggers devaluation fears, Global Market Summary on Tuesday, Analysis: The economy is crashing, avoid falling knives,, Debt crisis looms in emerging markets,Debt crisis looms in emerging markets

Mixed trends trail Nigerian markets

by Abiola Odutola

June 8, 2020

Funding rates to hover around current levels next week barring any significant flows.

Naira drops again at the black market as exchange rate unification plans intensify, Naira falls against the dollar across forex markets as liquidity drops by 43% , Naira falls big at the black market as demand pressure persists

Naira appreciates to N386.94 against dollar at I&E window

by Chike Olisah

May 12, 2020

The Naira has appreciated to N386.94 against the US dollar at the Investor and Exporters (I&E) window.

Naira depreciates to N410 per dollar as local currency weakens

by Chike Olisah

March 28, 2020

Naira depreciates to N410 per dollar as local currency weakens

Naira, Unify exchange rates to foster economic growth – NISER , OFFICIAL: Banks charge N368 per dollar for debit card transactions

Speculators strike as exchange rate falls to N366/$1

by Research Team

March 20, 2020

Speculators strike as exchange rate falls to N366/$1, stocks lose another N1 trillion.

FG’s domestic debt servicing cost hit N1.7tn in 2018

by Ronald Adamolekun

May 16, 2019

A CBN report has revealed that the serving of domestic debt instruments cost the Federal Government a whopping N1.799 trillion ...

CBN’s intervention in FX market hit $39 billion in 2018

by Bamidele Samuel Adesoji

February 27, 2019

The Central Bank of Nigeria (CBN)stabilized the Naira in 2018 by injecting $39.9 billion into the foreign exchange market (Forex). This ...

Tag: Forex Market