…announces retail option Following its intervention in the inter-bank Foreign Exchange Market, last week, to the tune of over $800 million, the Central Bank of Nigeria (CBN) on Monday, June 19, 2017, injected a total sum of $195m into the inter-bank forex market to meet...

The Central Bank of Nigeria (CBN) has intervened in the inter-bank Foreign Exchange market to the tune of 413.5 million dollars to further shore up the international value of the Naira. In a statement in Abuja by its acting Director, Corporate Communications, Mr Isaac Okorafor,...

In spite of the naira’s strong showing in the foreign exchange market last week, which saw the currency gain substantial ground against the United States dollar, selling at N363/$1 compared to the previous rate of N378/$1, sources at the Central Bank of Nigeria (CBN),...

……….as forex availability excites manufacturers, other stakeholders Strong indications emerged over the weekend that the Central Bank of Nigeria (CBN) is set to inject more foreign exchange through intervention segments of the market thereby heightening expectations that the Naira will appreciate significantly during the week. The...

The Central Bank of Nigeria has wielded the big stick on 16 Deposit Money Banks as it stopped them from participating in the Small and Medium-scale Enterprises window of the foreign exchange market. The apex bank said this in a statement issued by its Acting...

The Central Bank of Nigeria has introduced “Form X” for the Small and Medium-scale Enterprises seeking to purchase foreign exchange from the apex bank. The CBN said the decision was part of its commitment to increase forex liquidity and improve access by the SMEs and...