CBN Sustains Forex Intervention, Injects Fresh $210m The Central Bank of Nigeria (CBN), on Tuesday, July 17, 2018 injected the sum of $210 million into the inter-bank foreign exchange (forex) market. The Bank offered $100million to authorized dealers in the wholesale segment of the market, while...

BDC Operators Seek Integration Into I & E Market     The Association of Bureaux De Change Operators of Nigeria (ABCON) has appealed to the Central Bank of Nigeria (CBN) to integrate its members into the Investors’ and Exporters’ (I & E) foreign exchange (forex) window. ABCON stated...

The naira reversed some of the gains it recorded last week, closing at 390 against the United States dollar on the parallel market on Monday. The local currency had closed at 380/dollar on Friday. The naira has been hovering between 380/dollar and 410/dollar in the past...

The Central Bank of Nigeria (CBN) has opened a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items not exceeding $20,000 for an enterprise per quarter. Isaac Okorafor, the CBN spokesman, disclosed this on Monday, April...

Cost of funds rose significantly in the interbank money market last week following series of liquidity outflow which caused market liquidity to fall by 26 per cent to N96 billion, week-on-week (WoW). During the week, the interbank money market experienced outflow through treasury bills sale...

CBN Boosts BDCs…Makes $10,000 Midweek Intervention The Central Bank of Nigeria (CBN) in its bid to sustain supply of liquidity to the foreign exchange market, has decided to make a special intervention in the Bureau de Change (BDC) segment of the market on Thursday, April...