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...

The Central Bank of Nigeria (CBN), has injected another $195 million into the interbank foreign exchange market. The central bank offered the sum of $100 million to the wholesale window and intervened in the small and medium enterprises (SMEs) segment with $50 million. The invisibles...

The Central Bank of Nigeria (CBN) has disbursed the sum of $2.83 billion for forex utilization in the critical sectors of the economy between December 2016 and January 2017. In a release by the Acting Director, Corporate Communications Department, Mr. Isaac Okorafor stated that manufacturing,...

The Central Bank of Nigeria (CBN) said Heritage Bank Plc is not currently in distress as being falsely insinuated by some online media. The central bank noted that there had been “false and malicious stories on the social media insinuating that Heritage Bank is under...

The Central Bank of Nigeria (CBN) is expected to settle  OTC FX Futures contract to the tune of $270.6 million on the interbank market this Wednesday. The transaction to be settled on the FMDQ OTC Securities Exchange would be the fourth futures contract to mature...

The scarcity of foreign exchange bites harder, pushing the dollar to N465 at parallel market. Traders in Lagos and Abuja said that there were no forex to sell or buy in the market, with the situation creating acute scarcity. The pound sterling, also in high demand,...