Forex Archives — Page 2 of 3 — City Business News

December 25, 2020 No Responses

Group Implores CBN On Easy Forex Access For SMEs

The Association of Food and Agro Processors (AFAP) has appealed to Central Bank of Nigeria (CBN) to assist Small and Medium Enterprises (SMEs) to easily access foreign exchange for procurement of machinery. AFAP National President, Duro Kuteyi, made the appeal...

May 11, 2020 No Responses

Emefiele Assures Investors On Forex Repatriation

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has assured investors of the security of their investments in the country in spite dwindling revenue from the sale of crude oil globally. The CBN’s Director, Corporate Communications Department, Mr ...

July 29, 2019 No Responses

Milk Importation: Experts Lauds CBN’s Policy On Forex Restriction

Economic experts have lauded the Central Bank of Nigeria (CBN) on its plan to put forex restriction on imported dairy products to the country. Some economic experts who spoke with the News Agency of Nigeria (NAN) in Abuja on Sunday...

June 18, 2019 No Responses

Dangote Cement Terminals To Generate $700m Forex

Dangote Cement Plc is to generate $700million forex from the cement terminals being constructed in Lagos State and Onne, Rivers State. Speaking at the 10th Annual General Meeting on Monday in Lagos, chairman of the company, Aliko Dangote, explained...

April 25, 2019 No Responses

CBN Lifts Interbank Forex Market With $210m

The Central Bank of Nigeria (CBN) on Wednesday intervened in the interbank forex market with the sum of $210 million.. According to the figures released by the CBN, authorized dealers in the wholesale segment of the market, as in previous...

January 22, 2019 No Responses

NSE, Afrinvest Launch Factor Equity Indices

The Nigerian Stock Exchange (NSE) and Afrinvest Securities Limited (ASL), a leading capital market research and securities execution platform, on Monday announced the launch of two new factor indices: the NSE-Afrinvest Banking Value Index (NSE-Afr BVI) and NSE...

December 31, 2018 No Responses

How To Reduce Cost Of Doing Business In Nigeria’s Capital Market, By SEC Boss

When properly leveraged, technology will reduce the cost of doing business in Nigeria’s capital market, Acting Director General of the Securities and Exchange Commission, SEC, Mary Uduk has said According to Uduk, this is one of the reasons the apex...

December 12, 2018 No Responses

Nigeria Boost Forex Market With $210m

The Central Bank of Nigeria (CBN), in continuation of its intervention in the foreign exchange market, has injected another sum of $210 million to boost sales in the inter-bank segment of the market. In the sales conducted on Monday, December...

December 11, 2018 No Responses

41 Items: CBN To Sanction Firms, Directors

The Central Bank of Nigeria (CBN) is to sanction Banks, their customers, firms that abuse its policy restricting foreign exchange (forex) allocation to 41 items. According to the CBN, culprits are to be investigated by the Economic Intelligence Unit of.....