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FOREX: CBN Opens Week with $195million Intervention

ABUJA – The Central Bank of Nigeria (CBN) on Monday, July 31, 2017, offered $100 million in wholesale auction at the inter-bank Foreign Exchange...

CBN Queries Five DMBs for Manipulating Forex Rates

By Akin Akinremi The Central Bank of Nigeria (CBN) has said that five Deposit Money Banks (DMBs) are being queried for manipulating Foreign Exchange Transactions. The...

Security Agents Raid Black Market Currency Dealers

Nigerian security agents raided the offices of black market currency dealers on Thursday, detaining some and ordering others to sell dollars at a lower...

Naira Faces Fresh Pressure, Falls To 222 Per Dollar

The Naira, which rose to 180 against the dollar shortly after the inauguration of President Muhammadu Buhari about a month ago, has fallen to...