New Year: Naira Appreciates by 13.51% Against US dollar at Forex Market The Nigerian Naira gained against the dollar on Thursday, 4th January 2024 at the official market to record the first gain in the new year 2024. Market watchers expected that a $2.25 billion injection...

Foreign Capital Inflow Increases By 44.3% To $298.8m In June   Foreign capital inflow into Nigeria increased by 44.3 per cent in June to $298.8 million, FMDQ Securities Exchange has said. The inflow “underwhelming” when compared to the pre-pandemic monthly average of $1.56 billion, analysts at FMDQ...

CBN Commits $16.9bn To Forex Market In H1, 2022   The Central Bank of Nigeria (CBN) disbursed about $16.9 billion in its foreign exchange market interventions and statutory obligations in the first half of 2022, H1’22, about 4.0 percent drop against $17.6 billion sold in the...

In One Month, CBN Injects $1.47bn Into Forex Market       The Central Bank of Nigeria injected $1.47bn into the foreign exchange segment of the market as part of its efforts to stabilise the naira in January. According to figures from the CBN’s January report on its foreign...

CBN Sells $10.3bn At Forex Market In Six Months       The Central Bank of Nigeria (CBN) sold a total of $10.3 billion at the foreign exchange (FX) market in the first half of last year, the 2020 half-year activity report released by the regulator yesterday has...

$11.5bn Injected Into Forex Market In Q1, Says CBN     The Central Bank of Nigeria injected $11.5bn foreign exchange into the economy in the first three months of 2020. Latest figures from the CBN on the supply of forex showed that $2.96bn, $3.39bn and $4.7bn were injected...