FOREX

Banks Benefit as Dollars Start to Flow

An increase in dollar sales by Nigeria’s central bank is giving the country’s lenders reason to cheer. “We see an…

7 years ago

CBN Releases $380m in 2 days, Naira Gains

The Central Bank of Nigeria, CBN has pumped a total $380million within two days into the Foreign Exchange Market. And…

7 years ago

CBN Releases $280m to SMEs, BDCs, Others

The Central Bank of Nigeria further intervened on the state of foreign exchange on Tuesday with the injection of another…

7 years ago

Naira to Appreciate Against the Dollar

The naira is expected to appreciate at the black market next week after the Central Bank of Nigeria proposed an…

7 years ago

CBN Auctions $418m to Aviation, oil, Agric Sectors

The Central Bank of Nigeria (CBN) has auctioned $418 million at a marginal rate of N310 to a dollar, to…

8 years ago

Don’t Float Naira, Uwaleke Warns CBN

An economic expert, Prof Uche Uwaleke, on Wednesday urged the Central Bank of Nigeria (CBN ) to tread with caution…

8 years ago

CBN to Sustain Foreign Exchange Liquidity

The Central Bank of Nigeria (CBN) on Sunday reiterated its determination to sustain the provision of foreign exchange with a…

8 years ago

CBN introduces new FX rates

The Central Bank of Nigeria on Monday introduced new N360 per dollar as the new rate for invisibles, such as…

8 years ago

Naira Now N385 to a Dollar

The naira strengthened to 385 to the dollar on the black market on Thursday, from 395 on Wednesday, and from…

8 years ago

Foreign Investors’ Acquisition of Local Firms Over Forex Looms

Unless the Central Bank of Nigeria (CBN) is consistent in making foreign exchange (forex) available for manufacturers to import raw…

8 years ago

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