Tag: Forex

Nigeria Boosts Forex Market With $210m
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...
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Nigeria Injects Another $210m Into Forex Market
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...
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Bankers’ Committee: Importers With Chinese Yuan Invoices To Pay Less
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...
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CBN Injects $210m Into Foreign Exchange Market
June 13, 2018 No Responses

CBN Injects $210m Into Foreign Exchange Market

The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars to meet customers’ requests in various segments of the foreign exchange market.  The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor in a statement in Abuja said the...
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CBN retains interest rate at 14 %, injects $186.5m for invisible, SMEs
May 24, 2017 No Responses

CBN retains interest rate at 14 %, injects $186.5m for invisible, SMEs

THE Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. Speaking at an interactive session with Journalists after the Monetary Policy Committee (MPC) meeting in Abuja, CBN Governor,...
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Forex: CBN releases list of 36 items
May 18, 2017 No Responses

Forex: CBN releases list of 36 items

The Central Bank of Nigeria (CBN) on Thursday released list of 36 items valid for access to foreign exchange in the foreign exchange market.   In a circular to all banks and the general public, CBN explained that the list of...
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Edo to boost forex with rubber
May 17, 2017 No Responses

Edo to boost forex with rubber

Edo State Governor, Mr. Godwin Obaseki has declared his administration’s readiness to reposition the state at the vanguard of rubber production and processing in order to increase foreign exchange earnings.  This was as he received the management of the Rub...
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CBN injects $81.2m for BTA, SMEs, others
May 9, 2017 No Responses

CBN injects $81.2m for BTA, SMEs, others

As a follow up to last Friday’s injection of $389 million into the retail segment of the Foreign Exchange Market (FOREX),  the Central Bank of Nigeria (CBN) on Monday,  intervened with the sum of $81.2 million in the invisibles and...
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