Forex Archives — Page 2 of 3 — City Business News

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.....

November 14, 2018 No Responses

CBN Boosts Forex Market With $210m

In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market. Figures obtained from the CBN indicate that the authorized dealers in...

November 6, 2018 No Responses

Naira Appreciates Against Dollar

The Naira on Monday gained 10 kobo to exchange at N363.64 to the dollar at the investors’ window, stronger than N363.74 posted on Friday. Market turnover at the investors’ window stood at 231.24 million dollars, higher than 226.35 million dollars...

August 30, 2018 No Responses

Naira Gains Marginally Against Dollar At Parallel Market

The Naira on Wednesday gained 30 kobo to exchange at N359 to the dollar at the parallel market in Lagos, against N359.30 on Tuesday. The Pound Sterling and the Euro closed at N464 and N414, respectively. At the Bureau De...

August 29, 2018 No Responses

Nigeria Lifts Forex Market With $210m

The Central Bank of Nigeria (CBN), has injected another sum of $210 million into the inter-bank Foreign Exchange Market, in its desire to ensure that forex is available for customers’ needs in various segments of the market. According to...

August 25, 2018 No Responses

Nigeria Lifts Forex Market With $543m, CNY 63m

In another major round of interventions, the Central Bank of Nigeria (CBN) on Thursday, August 23 and Friday, August 24, 2018, injected a total sum of $543.22 million and CNY 63.21 million into the inter-bank foreign exchange market. At the...

August 15, 2018 No Responses

Nigeria Lifts Forex Market With $210m

The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting yet another sum of $210,000,000 into various sums of the market on Tuesday, August 14, 2018. At Tuesday’s trading, the Bank offered...

August 8, 2018 No Responses

Nigeria Boosts Forex Market With $210m

Citing need to boost forex availability and meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) on Tuesday injected $210 million into the inter-bank Foreign Exchange (forex) Market. At the forex trading, the CBN...

June 27, 2018 No Responses

Nigeria Injects Another $210m Into Forex Market

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the inter-bank foreign exchange market. The CBN, in its quest to meet demands in the various segments of the...

June 15, 2018 No Responses

Bankers’ Committee: Importers With Chinese Yuan Invoices To Pay Less

The Central Bank of Nigeria (CBN)-led Bankers’ Committee declared on Thursday in Lagos that importers with invoices from Chinese exporters will pay less than their other counterparts. At the end of its meeting in Lagos, the committee, comprising commercial...