CBN Injects $500 Million into Forex Market
The Central Bank of Nigeria (CBN) on Monday said it injected an additional $500 million into the foreign exchange market. ...
Tag: Forex Market
Forex: CBN raises Dollar supply, lifts ban on 43 items
...BDC, MAN, other stakeholders reacts The Central Bank of Nigeria has said it is raising dollar supply in the foreign ...
Nigerian Manufacturers, Consumers seek alternatives to Forex Scarcity
As cost of imported goods and services rise over persistent forex scarcity, manufacturers and consumers are reviewing import and purchasing options. ...
How Naira devaluation forced Importers to abandon Thousands of “Tokunbo” Vehicles at Seaport – Customs
Importers have left thousands of fairly used vehicles abandoned at the seaport due to the ongoing fluctuations in the Naira ...
CBN issues warnings to IMTOs in Nigeria for selling Forex higher than 2.5%
...specifies consequences for non-compliance The Central Bank of Nigeria (CBN), in a significant development aimed at stopping forex arbitrage, has ...
Forex Market: Increase minimum capital from N35m to N350m, BDC Operators urge CBN
The Central Bank of Nigeria (CBN) has been asked by the Association of Bureau De Change Operators of Nigeria (ABCON) ...
CBN partners with Banks to clear $10b FX Backlog in Two Weeks
The Central Bank of Nigeria has announced that it is now working with Commercial banks in the country to clear ...
Forex crisis: Traders lose as naira rebounds to 720/dollar
The naira has rebounded by 20.8% to 720/dollar at the parallel market. The development, according to The Punch, came two ...
Exchange rate falls to N685/$1 at peer-to-peer (P2P) forex market
The exchange rate between the naira and the US dollar has fallen to a record low at N685.5/$1 at the ...
Naira Appreciates at Forex Markets Amid Dollar Supply Boom, Weak Demand
The exchange rate between the naira and the US dollar closed lower at N411.44/$1 at the official Investors and Exporters ...
