In line with its pledge to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) will from Monday, April 3, 2017 commence twice weekly FOREX sales to licensed Bureaux de Change (BDCs) in the country. A statement by the Banks Acting...

CBN raises FOREX supply to BDCs…offers $100m for forwards In line with its pledge to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria CBN) will from Monday, April 3, 2017 commence twice weekly FOREX sales to licensed Bureaux de Change (BDCs)...

Forex: CBN slashes BDC rate to N360 …$100m offer fully subscribed 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 at not more than N360/$1 for invisibles, the Central Bank of...

…$100m offer fully subscribed 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 at not more than N360/$1 for invisibles, the Central Bank of Nigeria (CBN), has again crashed the...

Forex: In continuation of its resolve to ease the challenge of access to foreign exchange, the Central Bank of Nigeria (CBN) has further injected another sum of $100m into the interbank foreign exchange market, while Operators of Bureau de Change Outlets (BDCs) are complaining...

The naira has depreciated further against the United States dollar at the parallel market to 500, from 498. The development came barely one week after the naira touched 500/dollar briefly and returned to 498/dollar. The local currency had been stable against the greenback for about three...