Forex: Retail SMIS Gets $343.06m boost The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018. Figures obtained from the Bank...

Forex: CBN sells $331.41m at SMIS In continuation of its push to guarantee foreign exchange liquidity, the Central Bank of Nigeria (CBN) on Friday, June 1, 2018 sold a total of $331.41million to players in different sectors in the Retail Secondary Market Intervention Sales (SMIS). Friday’s...

CBN Sustains FX Intervention, Naira Appreciates The naira appreciated to N362 to a dollar wednesday, stronger than the N366 to a dollar it was as at the close of business on Monday. This is just as the Central Bank of Nigeria (CBN) once more intervened in...

Forex: CBN Intervenes With Another $210 Million   The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. In its quest to meet customers’ needs in the various segments of the market,...

Inter-Bank Sector Gets $210m Forex In another round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, May 15, 2018, injected the sum of $210million into the inter-bank Foreign Exchange Market(forex) to boost liquidity in the system. The figures released by the Bank in Abuja...

KPMG Business Survey Highlights Forex Risk In Nigeria     A survey of 94 executives of multinationals, large sized public and private companies across various industries that was conducted by KPMG Nigeria has ranked foreign exchange (forex) risk as the highest hurdle that might impact organisations over...