Tuesday, June 15, 2021

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FOREX

Naira gains days after CBN resumed forex sales to BDCS

The Naira value on Monday recorded again as it was exchanged at N465 to a dollar at the parallel market in Lagos.

COVID-19: Forex scarcity looms as BDC operators begin 2-week holiday

Forex scarcity looms in Nigeria as the Central Bank of Nigeria, CBN, has suspended the sales of foreign exchange to the Bureau De Change, BDC, operators as a measure to curb the spread of coronavirus pandemic in the country.

President Buhari gives reasons for stopping forex for food import

President Muhammadu Buhari has explained reasons for giving directive to the Central Bank of Nigeria to stop providing foreign exchange for food importation, saying...

Potential for local milk production in Nigeria high – Agriculturist

An agriculturist, Yahaya Abdullahi, says Nigeria has the potential for production of milk and other dairy products to meet local and foreign demands.

CBN makes first FOREX intervention for 2019 worth $210m

The Central Bank of Nigeria, CBN, on Friday made its first intervention in the inter-bank sector of the Foreign Exchange, FOREX, market for 2019...

CBN injects $210m into foreign exchange market

The Central Bank of Nigeria, CBN, says it has injected 210 million dollars into the various segments of the market to sustain its intervention...

Naira weakens marginally against dollar

The naira on Tuesday weakened marginally against the dollar at the parallel market in Lagos, the News Agency of Nigeria reports. The Nigerian currency lost...

CBN injects $210m into foreign exchange market

The Central Bank of Nigeria, CBN, has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests...

CBN pumps $210m to forex market to strengthen naira

The Central Bank of Nigeria, CBN, has injected another sum of $210 million into various segments of the inter-bank market. The nation’s currency on Monday...

What CBN must do to revive naira, by BDC operators

The Association of Bureaux De Change Operators of Nigeria, ABCON, on Wednesday listed recipes for a stronger naira and a more stable exchange rate...

Forex hike may affect Enyimba Stadium’s completion

There are fears that Enyimba Stadium project may still face further delay before being completed in spite of the N100 million released early this...

FOREX: CBN opens week with $195m intervention

The Central Bank of Nigeria, CBN, on Monday, July 31, 2017, offered $100 million in wholesale auction at the inter-bank Foreign Exchange market and intervened in...

CBN to senate: N200 to dollar exchange for pilgrims not feasible

Resolution of the Nigerian senate asking the Central Bank of Nigeria, CBN, to sell a dollar at N200 to the intending pilgrims was not...

Naira waxing strong in Forex market

The naira on Thursday appreciated against the dollar at the parallel market, the News Agency of Nigeria reports. The Nigerian currency rebound barely 24 hours...

Naira firms against dollar

The Nigerian currency, naira, on Monday began the new week on an impressive note at the parallel market, maintaining its strengthened rate of N367...

Soludo faults CBN’s ’41 restricted items’ policy

A former governor of the Central Bank Nigeria, CBN, Charles Soludo, has called for the unification of foreign exchange market. Spokesman to CBN Isaac Okoroafor had...

CBN sanctions 15 banks others for starving SMEs of forex

At least 15 commercial banks have been barred from dealing in foreign exchange through the recently created Small and Medium Enterprises, SMEs wholesale forex...

Naira gains as CBN pumps $380m in 2 days

The Central Bank of Nigeria, CBN, has pumped a total $380million within two days into the Foreign Exchange Market. And the effect: a further strengthening...

CBN auctions $418m to aviation, oil, agric sectors

The Central Bank of Nigeria, CBN, has  auctioned $418 million  at a marginal rate of N310 to a dollar, to airlines, agriculture, petroleum and...

CBN directs banks to pay customers dollar in cash

The Central Bank of Nigeria has directed all banks to pay cash over-the-counter to desiring foreign exchange customers. Spokesman of the CBN, Isaac Okorafor, said the...

Naira appreciates as CBN plans to pump more dollar into forex market

By Mustapha Usman As the naira continues to appreciate against the dollar and other foreign currencies amid liquidity boost, indications emerge  that CBN is unrelenting...

CBN pumps more dollars into market

The Central Bank of Nigeria said on Monday it sold $80 million to retail customers and another $100 million in currency forwards to increase...

CBN showers banks with $370m

Following resolve to ease the difficulties encountered by Nigerians in obtaining funds for Foreign Exchange transactions, the Central Bank of Nigeria, CBN, on Tuesday carried...

CBN tackles FOREX crunch, floods banks with dollars

In continuation of efforts to increase the availability of Foreign Exchange in order to ease the difficulties encountered by Nigerians in obtaining funds for...

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