Tag: FOREX
CBN boosts forex supply by $240m, directs banks to pay customers...
The Central Bank of Nigeria (CBN) on Monday released the sum of $90 million to meet requests for invisibles such as basic travel allowance,...
CBN denies inadequate forex for PTA, BTA, tuition, medical fees
The Central Bank of Nigeria (CBN) has describe claim that it did not allocate enough forex to some commercial banks for personal travel allowance...
CBN slashes bureau de change dollar rate to N360
Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users...
Again, CBN boosts forex supply with $195m
The Central Bank of Nigeria (CBN) on Tuesday sustained the supply of foreign exchange to the market by concluding arrangement to release the sum...
CBN pumps additional $100m into the market
The Central Bank of Nigeria (CBN) on Tuesday further injected another sum of $100m into the interbank foreign exchange market in continuation of its...
Dollar set to crash further as CBN pumps additional $180m
In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday released another $100m...
Naira appreciates further at parallel market
The naira on Thursday consolidated its gains against the dollar at the parallel market, few days after the Central Bank of Nigeria (CBN) announced...
6 things Nigerians actually want for Christmas this year
With Christmas hurtling towards us all at an increasing speed, many Nigerians now have their minds filled with thoughts of what they should include...
DSS raid worsens dollar scarcity
Suspicion and fear permeated Lagos parallel market on Monday as traders struggle to come to terms with last week’s raid by security operatives.
The situation...
Naira strengthens against dollar
The naira on Friday strengthened against the dollar in all segments of the foreign exchange market.
At the interbank market, the currency gained N1.45 to...