Naira appreciates as NAFEX transactions hit $3.8bn as CBN injects $142.5m
Transactions in the Nigeria Autonomous Foreign Exchange Market (NAFEX) also known as the Investors and Exporters forex window have reached $3.8 billion since its introduction in April.
CBN alerts financial institutions on 5 special global terrorists
The Central Bank of Nigeria (CBN) Wednesday alerted financial institutions about five persons that the United States of America has labelled as Specially Designated Global terrorists
We ‘re targeting 11% inflation end 2017 – CBN Gov
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the bank was targeting an inflation rate of between 10-11 per at the end of this year.
CBN to mop up N1.2trn in 12 weeks
THE Central Bank of Nigeria (CBN) will, this week, commence plans to mop up N1.23 trillion in the next 12 weeks. The apex bank disclosed this through its third quarterly Treasury Bills Issuance programme released on Friday.
Financial experts task CBN on forex liquidity to sustain stock rally
Some financial experts on Sunday called on the Central Bank of Nigeria (CBN) to ensure continuous liquidity in the foreign exchange market to sustained the bullish trend on the Nigerian Stock Exchange (NSE).
Economist tasks CBN on foreign exchange intervention to sustain Naira appreciation
An economist, Mr Charles Mordi has urged the Central Bank of Nigeria (CBN) to continue to inject Foreign Exchange (forex) into the market to sustain current appreciation of the Naira Mordi, a former Director of Research at CBN said this in an interview with the Newsmen on Thursday in Abuja. He said that the current […]
Senate moves against CBN over alleged financial recklessness
THE Senate, yesterday, moved to check alleged financial recklessness on the part of the Central Bank of Nigeria, CBN, on intervention fund spending every year.
CBN moves to shore up forex earnings
The Central Bank of Nigeria (CBN) has directed all exporters to strictly comply with the Foreign Exchange Manual, as it introduces Form NXP with a view to taking advantage of all exports in the push for increased foreign exchange earnings into the nation’s economy.
Encourage corporate clients to join FMDQ forex trading -CBN
The Central Bank of Nigeria (CBN) has directed authorised dealers to encourage corporate clients to join the FMDQ system for forex trading.
The bank gave the directive in a circular issued by CBN Director, Financial Markets Department, Dr Alvan Ikoku.
CBN injects $190m, allows banks to sell excess dollar position
The Central Bank of Nigeria (CBN) Monday injected $190 million into the foreign exchange market even as the naira remained stable at N371 per dollar in the parallel market.
External reserve falls by $535m in May
THE nation’s external reserve recorded its second monthly decline of $535 million last month. This came as the Central Bank of Nigeria (CBN) had intervened in the foreign exchange market by selling $6.84 billion from January to last month.
