CBN Sells $25m in New FX Window For Investors, Exporters

…Dealers fail to subscribe fully to CBN’s $150m offer The Central Bank of Nigeria (CBN) on Tuesday, April 25, 2017, commenced interventions in the new Investors’ & Exporters’ FX Window…

Banks’ Dollar Demand Slumps…Over Fear of Dollar Crash

By: Olajide Toriola There are strong indications that the demand for foreign exchange by authorized dealers has slumped, as the dealers were only able to pick $45 million out of…

Forex: CBN Opens Special Window for SMEs, Begins Massive Sale with $141million

The Central Bank of Nigeria (CBN) on Monday opened a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items not exceeding…

FOREX: CBN Offers $100m For Wholesale

By: Olajide Toriola The Central Bank of Nigeria (CBN), on Thursday, April 6, 2017, offered the sum of $100 million to authorized dealers at the forex auction in the interbank…

FOREX: CBN Offers, Receives Bids For $100m

By: Olajide Toriola The Central Bank of Nigeria (CBN), says it has offered and received bids for $100 million from authorized dealers in the interbank market to meet the requests…

FOREX: CBN Pumps in $100m Into The Market

By: Olajide Toriola In continuation of its resolve to ease the challenge of access to foreign exchange, the Central Bank of Nigeria (CBN) on Tuesday, further injected another sum of…

Forex: Dollar to Crash Again as CBN Floods Market

By: Olajide Toriola In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday released another $100m into the wholesale…

CBN Slams Critics over Monetary Policies

The Central Bank of Nigeria (CBN) may have replied critics who have been attacking its monetary policies. In a statement by its acting Director of Communications, Isaac Okorafor, entitled “Nigeria’s…

CBN Tells Banks to Play Active Role in Economic Recovery

The Central Bank of Nigeria (CBN) has said banks have a critical role to play in returning the economy to normalcy as their financial intermediation activities cut across all sectors.…

Nigeria to Start Exporting Rice By 2017, Says CBN

There is good news after all on the economic front as Nigeria will begin to export rice to other countries before the end of 2017. The Acting Director, Corporate Communication…