Tag: forex
Forex: Naira loses against dollar
The naira on Thursday continued to fall against the dollar at the parallel market, the News Agency of Nigeria (NAN)…
Kebbi to export rice, livestock to earn forex
Gov. Atiku Bagudu of Kebbi says the state is planning to produce rice and livestock in commercial quantities for export…
Forex: CBN injects $195m intervention
The Central Bank of Nigeria (CBN) on Monday injected another 195 million dollars into the Foreign Exchange (Forex) market.
CBN boosts foreign exchange supply with $195m
The Central Bank of Nigeria (CBN) on Monday, intervened in inter-bank Foreign Exchange Market with the supply of 195 million…
CBN injects $142.5m into forex market
The Central Bank of Nigeria (CBN) on Monday injected 142.5 million dollars into the inter-bank foreign exchange, days after intervening…
Dollar drops as CBN pumps additional $195m
The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange…
CBN injects $195m into forex market
Following its 800 million dollars intervention in the Interbank Foreign Exchange (FOREX) Market last week, the Central Bank of Nigeria…
CBN floods forex market with $457.3m
The Central Bank of Nigeria (CBN) on Monday injected 457.3 million dollars into various segments of the market.
Naira strengthens against dollar
The naira on Thursday gained N2 against the dollar at the parallel market as it was traded at N386 to…
CBN re-admits Keystone Bank to forex market
Keystone Bank on Thursday said the Central bank of Nigeria(CBN) had readmitted it into the spot and wholesale forwards segment…
Forex: Buhari happy with market stability
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has briefed President Muhammadu Buhari on the stability in…
CBN offers $100m forex to BDCs
The Central Bank of Nigeria (CBN) on Thursday said it had offered 100 million dollars to authorised dealers as its…
CBN creates forex window for investors, exporters
Two weeks after opening a special Forex window for Small and Medium Enterprises (SMEs), the Central Bank of Nigeria (CBN)…
Ambode Calls For Harmonisation Of Forex, Interest Rates To Stabilize Economy
Lagos State Governor, Mr. Akinwunmi Ambode on Thursday called for a convergence in the foreign exchange rates as well as…
Forex: CBN opens special window for SMEs
The Central Bank of Nigeria (CBN) has opened a special Forex window for Small and Medium Enterprises (SMEs) to enable…
CBN raises Forex supply by 20%
The Central Bank of Nigeria (CBN) on Thursday said it would start selling foreign exchange to the Bureau de Change…
FOREX: CBN releases another $180m
The Central Bank of Nigeria (CBN) has offered additional 180 million dollars to meet bids for wholesale auction and requests…
Forex: CBN lifts supply with $180 million
The Central Bank of Nigeria (CBN) on Monday offered a total of $180 million to meet bids for wholesale auction…
CBN boosts forex supply with $195m
The Central Bank of Nigeria (CBN) on Tuesday sustained the supply of foreign exchange to the market by releasing 195…
FG may reverse forex restriction – Customs
The Zonal Coordinator, Zone ‘A’ of the Nigeria Customs Service (NCS), Assistant Comptroller-General Monday Abueh, has said that the Federal…
Forex crisis: Expert seeks CBN review of ban on 41 items
A financial expert on Monday called on the Central Bank of Nigeria (CBN) to review the foreign exchange restriction placed…
Bank customers to submit bids ahead of naira float
Commercial banks have asked customers to submit bids ahead of the start of new interbank foreign exchange trading on Monday.…
LCCI tasks CBN on guidelines for new forex policy
The Lagos Chamber of Commerce and Industry (LCCI) has appealed to the CBN to ensure transparency in the formulation of…
No forex to import petrol, oil marketers tell govt
Oil marketers on Friday in Abuja called on the Federal Government to assist them in making foreign exchange available for…
Nigeria/China Forex Deal: An aide or a bondage?
By Maxwell Adeyemi Adeleye In the words of Tomi Adetomiwa (2016), development is a culture and not a product. We…
FOREX: I have never been involved in illegal dealings – Aisha Buhari
Wife of Nigeria’s President, Aisha Buhari has hit back at the main opposition party in the country, the Peoples Democratic…
$14bn: CBN assures Dangote Group of FOREX support
The Central Bank of Nigeria (CBN) has said that it would assist the Dangote Group to access foreign exchange to…
Lagos businessman docked over alleged N4m fraud
For allegedly defrauding a woman of N4 million, a businessman, Cletus Iyohan, was arraigned on Monday in Lagos. Iyohan, 33,…
Man Arrested With N1b At Airport For Trial
A 25-year old man, Abubakar Sheriff Tijani who was recently arrested while trying to smuggle $7 million (about N1.1 billion)…