10 Apr 2017
The combination of foreign exchange (forex) and Treasury Bills (T-Bills) auctions by the Central Bank of Nigeria (CBN) last week, moderated the quantity of money...
10 Apr 2017
The Central Bank of Nigeria (CBN) has auctioned $418 million at the marginal rate of N310 to a dollar to airlines, agriculture, petroleum and raw materials sub sectors.
9 Apr 2017
The CBN acting Director, Corporate Communications, Mr Isaac Okorafor said in Abuja that the $480m offered last week was in addition to the $350 million sold as wholesale auction for travel allowance and school fees at the same period.
4 Apr 2017
The Central Bank of Nigeria (CBN) resumes this week’s foreign exchange market intervention today with a disbursement of $240 million.
3 Apr 2017
Isaac Okorafor in a statement, said that the bank also released 90 million dollars to meet requests for invisibles such as travel allowances, medical and school fees.
1 Apr 2017
The Central bank of Nigeria (CBN) has refuted insinuations by some banks, which are declining sale of foreign exchange (forex) to customers on the claims of inadequate supply.
29 Mar 2017
The Central Bank of Nigeria (CBN) yesterday directed all licensed Bureau de Change (BDCs) operators to sell to end-users at N362 to a dollar.
27 Mar 2017
Meanwhile, the interbank lending rates- Open Buy Back and Overnight declined by 4.8 per cent and five per cent respectively when compared to previous week’s record, as they closed the week at 9.5 per cent and 10 per cent apiece.
21 Mar 2017
The development has put currency speculators in series of losses in the last three weeks, as the parallel market rate has fallen from a record high of N520/$ to N445/$ yesterday.
4 Mar 2017
Forex traders have been set on panic button, as news filtered in that the Central Bank of Nigeria (CBN) will this weekend, further pump more dollars into the foreign exchange market in continuation...
28 Feb 2017
The CBN Acting Director of Corporate Communications Department, Isaac Okorafor, said that the latest moves were part of the bank’s pledge and determination to increase liquidity in the foreign exchange market.
24 Feb 2017
Several projects across sectors of the economy undertaken by the Central Bank of Nigeria (CBN) to raise capacity have been adjudged strategic to the nation’s economic development.