The Federal Government on Saturday promised to implement macroeconomic reforms to stabilise the foreign exchange market. The Minister of Information and National Orientation, Mohammed Idris, gave...
Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, has disclosed that the financial regulator will intervene in the foreign exchange (Forex) market. The...
Forex market liquidity at the Investors’ & Exporters’ (I&E) window recorded a 6.64 percent drop in the month of July, data posted at the FMDQ Securities...
Naira closed trading significantly weaker to the dollar at the official market on Tuesday. Data from the FMDQ Security Exchange showed the Naira closed at N411.67...
Naira weakened across various segments of the currency market on Tuesday as commercial activities resumed following a two-day holiday observed on Friday and Monday in celebration...
The Central Bank of Nigeria, CBN, on Monday said there is no truth in a report alleging that faceless agents, backed by regulators, were exploiting the...
The Central Bank of Nigeria (CBN) has injected $289.76million into the retail secondary market intervention sales and CNY38.70million into the spot and short- tenored forwards segment...
The Central Bank of Nigeria (CBN) has again intervened in the foreign exchange market by injecting $210 million into the inter-bank sector of the foreign exchange...
The Central Bank of Nigeria, CBN, on Tuesday, injected another $210 million into the foreclosure market in a bid to keep the current stability of the...
THE depreciation of the naira in the last two weeks may persist this week following increased demand for dollars triggered by political campaign activities across the...
The Central Bank of Nigeria (CBN) Wednesday injected $210 million into the foreign exchange market to help stabilize the naira. Figures from the bank showed that...
In line with its aggressive foray into the foreign exchange (forex) market as well as to further enhance forex flow in the economy, the Central Bank...
In its bid to attract more foreign investments and meet its projected 30 per cent increase in dollar supply in the forex market, the Central Bank...
To sustain naira gain, the Central Bank of Nigeria (CBN) on Friday pumped in a total sum of $388.66 million into the forex market, about 40...
Apparently disturbed by a slight loss in the value of the naira, the Central Bank of Nigeria (CBN) has decided to further increase its volume of...
There are indications that the forex market liquidity change is far from being resolved as the Naira suffered a major blow Thursday with a bad outing...
For allegedly running fowl of the Central Bank of Nigeria’s (CBN) rules, one of the three banks said to be under its scrutiny, the Standard Chartered...
Until government finds a lasting solution to abuse in the foreign exchange market, the more than 35 per cent widening gap between the interbank market (official...
The suspension of nine commercial banks from participating in Nigerian foreign exchange market has resulted in investors selling off their shares in panic at reduced values...
The Nigerian currency, naira, fell N351 to the United States dollar at the parallel market and slightly to 282 at the new interbank market on Monday....
By Femi Aribisala When the incredible issue of a missing/counterfeited 2016 budget arose some weeks ago, I was expecting to hear from the APC that Goodluck...
