CBN Injects Another $250m Into Forex Market

The Central Bank of Nigeria (CBN), in its relentless effort to keep the inter-bank foreign exchange market liquid, on Monday, September 11, 2017 intervened with another sum of $250 million.…

CBN Injects $186.5m For Invisible And SMEs Segments

Following the conclusion of the Monetary Policy Committee Meeting on Tuesday, May 23, 2017 the Central Bank of Nigeria (CBN) has injected the sum of $186.5million into the invisible and…

FOREX: CBN Approves $100m For Sale at SMIS

The Central Bank of Nigeria (CBN) has approved the sale of $100 million at the Wholesale Secondary Market Intervention Sales (SMIS) auction announced on Monday, May 8, 2017. The CBN…

Naira to Appreciate Ahead of Heavy Injection of Forex by CBN

…as forex availability excites manufacturers, other stakeholders Strong indications emerged over the weekend that the Central Bank of Nigeria (CBN), is set to inject more foreign exchange through intervention segments…

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…