FOREX MARKETS

  …Offers $100m to wholesale segment; …Invisibles, SMEs windows get $55 m each The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin available to operators of Bureau De Change (BDC) in the country.  Consequently, BDC operators are now to buy the United States dollar...

Research work by KPMG Nigeria has revealed how foreign  exchange (forex) management threatens businesses in the economy. On a ten level risk findings, forex was identified as the highest and most disturbing variable slowing down business growth. Head of Risk Consulting at KPMG Nigeria, Olumide Olayinka, said on Tuesday that...

  The Central Bank of Nigeria (CBN), on Monday, injected 210 million dollars into the inter-bank Foreign Exchange Market, to sustain liquidity in the foreign exchange market. The Acting Director,  Corporate Communications Department, CBN, Mr Isaac Okoroafor, in a statement said that the move would ensure the continuous availability of...

  The Central Bank of Nigeria (CBN) on Monday injected another 210 million dollars into the nation’s foreign exchange market. The Acting Director, Corporate Communications, Mr Isaac Okoroafor, in a statement on Monday said that 100 million dollars was allocated to authorised dealers in the wholesale segment of the market....

  Rises by $3.2bn between February and March Nigeria’s external reserves were standing at $46 billion as at the close of business on Friday, March 9, 2018. Figures obtained from the Central Bank of Nigeria (CBN) at the weekend show that the reserves grew by about $3.2 billion between February...

  The Central Bank of Nigeria (CBN) said on Friday that it has injected $355.43 million into the interbank foreign exchange market, as part of its efforts to boost liquidity and alleviate dollar shortages. The apex bank said in a statement that the money was released to “meet requests in...

The interbank window of Nigeria’s foreign exchange market on Tuesday received another boost of $210,000,000.00 from the Central Bank of Nigeria (CBN). The Bank’s interventions on Tuesday were for the Wholesale, Small and Medium Enterprises (SMEs) and invisibles segments of the market. According to Acting Director, Corporate Communications at the...

  The Central Bank of Nigeria (CBN) intervened in the inter-bank Foreign Exchange Market to the tune of $210 million on Monday. Figures obtained from the Bank revealed that the interventions were in the wholesale, small and medium enterprises (SMEs) and invisibles windows. Confirming the figures, Acting Director, Corporate Communications...

The Central Bank of Nigeria (CBN) on Monday continued its sustenance of foreign exchange liquidity in the market by injecting another $195 million through the inter-bank segment. The action helped the currency to maintain its strength against its International counterparts. Figures released by the apex bank show that it offered...

The Central Bank of Nigeria (CBN) on Friday injected a total of $285,759,449.10 into the Inter-bank Foreign Exchange (forex) Market to meet requests in four sectors of the economy. Details obtained from the CBN indicate that the agricultural, airlines, petroleum and raw materials were the four sectors that received various...