CBN Assures of Liquidity in Forex Supply

The Central Bank of Nigeria (CBN) has assured of its continued intervention in the inter-bank Foreign Exchange market in order to sustain liquidity and stability in the sector. The Acting…

Forex: CBN Boosts Supply With $195m

The Central Bank of Nigeria (CBN), in continuation of its FOREX supply drive, on Monday, July 17, 2017, intervened in the inter-bank Foreign Exchange Market to the tune of $195million.…

CBN Boosts FOREX Market With $413.5m

The Central Bank of Nigeria (CBN) has intervened in the inter-bank Foreign Exchange market to the tune of $413.5 million, further underscoring its resolve to guarantee liquidity in the market…

CBN Intervenes With $100m in FOREX Market

…banks only able to pick up $68.51 million …to sell $20,000 to BDCs on Thursday By: Olajide Toriola Following its injection of $280 million into the Foreign Exchange Market on…

CBN Introduces Use of Form X For SMEs

As part of its determination to increase foreign exchange liquidity and improve access by Small and Medium Enterprises (SMEs) and retail businesses, the Central Bank of Nigeria (CBN) has introduced…

CBN Releases Additional $250m For Forwards Market

The Central Bank of Nigeria (CBN) on Wednesday, released additional $250 million on 7 to 30-day forwards for agriculture, airline, petroleum products and raw materials. The Bank also called for…

CBN Intervenes With $370.9m in Foreign Exchange Market

Sequel to its promise to ease the difficulties encountered by Nigerians in obtaining funds for Foreign Exchange transactions, the Central Bank of Nigeria (CBN), on Tuesday, February 21, 2017, carried…