Exchange rate gains big at NAFEX as forex turnover pops 916%

Dollar, Exchange rate, FOREX, NAFEX market turnover drop by 59%, Naira crashes to N470/$1 as currency uncertainty worsens

Forex turnover at the Investor and Exporters  window recorded a massive increase on Thursday

Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%

by Chike Olisah

August 6, 2020

The Naira fell to as high as N390 during intraday trading before strengthening to the closed rate of N389.

Naira depreciates at NAFEX as market forex turnover falls to lowest in over 6 weeks

by Chike Olisah

July 26, 2020

Total turnover for the week was $136.9 million, one of the lowest in weeks.

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

Naira gains at the NAFEX window as market liquidity improves

by Chike Olisah

July 14, 2020

Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Monday.

Analysts predict outlook for naira as forex unification plans gain momentum

by Olumide Adesina

July 6, 2020

The exchange rate could strengthen this week based on a positive set of assumptions.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

CBN adjust naira from N360 to N380 at SMIS

by Chike Olisah

July 3, 2020

Reports reaching Nairametrics indicates the CBN has instructed bidders at its Secondary Market Intervention Sales (SMIS) to increase their bidding ...

CBN pumps funds into FOREX market through Wholesale SMIS

by Olumide Adesina

May 19, 2020

the Central Bank of Nigeria surprised the market by injecting estimated $90-$100million to the system.

CBN injects $218.41 million in SMIS

by Chidinma Nwagbara

February 10, 2020

The Central Bank of Nigeria (CBN) has injected $218.41 million into the inter-bank retail Secondary Market Intervention Sales (SMIS).

Tag: SMIS