Forex: Inter-bank market gets another $210m boost
Authorized dealers in the wholesale segment of the inter-bank foreign exchange market received the sum of $100 million as intervention from the Central Bank of Nigeria (CBN) on Tuesday, October 30, 2018 to meet the requests of their...
Forex: CBN injects $317.52m, CNY 58.40m into Retail SMIS
The Central Bank of Nigeria (CBN) has continued its intervention in the retail Secondary Market Intervention Sales (SMIS) by injecting a total of $317.52million in that segment of the market in addition to CNY58.40 million in...
CBN, MTN and 4 Banks: What Lessons?
By Adigun Olabiyi
The furore generated so far on the $8.1bn and N5.87bn sanction by the Central Bank of Nigeria (CBN) on MTN Nigeria and four banks has been one of mixed grill, laced with sentiments depending on which...
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...
Nigeria/China Currency Swap: How The Economy Will Benefit?
By Gbolahan Ajagbe
The currency swap agreement between Nigeria and China, which was sealed recently and valued at Renminbi (RMB) 16bn according to the CBN spokesperson, Isaac Okorafor, is to provide adequate local currency liquidity to Nigerian and Chinese...
CBN Boosts FOREX Market With $210m
The Central Bank of Nigeria (CBN), on Tuesday, May 8, 2018, boosted the inter-bank Foreign Exchange market with another sum of $210 million.
The Bank again offered the sum of $100 million to authorized dealers in the wholesale segment of...
