Naira Lifted Again as CBN Injects $418m

…investors/Exports Segment Hits $2.2BN The Naira is set to be given further lift in the forex market with CBN’s injection of another $418 million into various segments of the inter-bank…

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…

FOREX: CBN Injects $246.2m For Wholesale, SMEs, Invisibles

The Central Bank of Nigeria (CBN) on Monday, April 24, 2017, offered the sum of $246.2 million to authorized dealers at the forex auction in the interbank wholesale window, Small…

Forex: CBN Creates FX Window For Investors, Exporters

Two weeks after opening a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items, the Central Bank of Nigeria (CBN) on…

CBN Supply Crashes Dollar

…naira to appreciate further ahead of Friday Interventions … as CBN Intervention in Forex Market Pays Off The Naira firmed up at the Bureau de Change (BDCs) segment on Thursday,…

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…

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…