CBN Pumps $18.1bn Into FX Market In 13 Months
The Central Bank of Nigeria (CBN) has injected a total of $18.067 billion into the interbank segment of the foreign exchange (FX) market since it started its forays into the market in February last year, figures...
CBN Boosts Foreign Exchange Market Liquidity With $210m
The Central Bank of Nigeria (CBN), on Monday injected 210 million dollars into the inter-bank Foreign Exchange Market, in its bid to sustain liquidity in the foreign exchange market.
The Acting Director, Corporate Communications Department, CBN, Mr Isaac...
Forex Market Gets $514m Boost Ahead Of Yuletide
• Investors price Naira below N360/$
The Central Bank of Nigeria (CBN) ended foreign exchange (forex) market transactions for the week with $303.9 million, as it earlier in the week, sold $210 million to sustain liquidity.
This is the...
The Central Bank of Nigeria in its commitment to sustaining its foreign exchange (forex) liquidity has injected another $195 million into the interbank forex market, even as the naira maintains its strength.
The $195 million intervention was made monday.
Figures released by the bank showed that...
...Plans to venture into dairy production
The President, Dangote Group, Aliko Dangote has stated that Nigeria’s quest to diversify its economy away from crude oil cannot be achieved if there is little or no foreign exchange available for private sectors to work with.
Dangote called on...
Latest figures from the Central Bank of Nigeria, CBN, shows that the country’s external reserve has lost a total of USD5.5 billion this year, up to last weekend, with September figures showing a third quarter loss of USD1.9 billion, significantly higher than USD1.5 billion...
