The Central Bank of Nigeria (CBN) on Friday offered fresh 100 million dollars at the interbank market to meet customers’ demands.

Twelve firms bought 30 per cent of the special foreign exchange sales of $367 million conducted by the Central Bank of Nigeria (CBN) on March 2nd, 2017.

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) says the apex bank is determined to see the convergence of rates at the foreign exchange market.

The Nigerian National Petroleum Corporation, Subday, said the Central Bank of Nigeria, CBN, has released foreign exchange to oil marketers to import Automotive Gas Oil, AGO, and Aviation Turbine Kerosene, ATK.

Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, attributed the pressures on exchange rate in the parallel market to illegal and criminal activities of some individuals.

THE Federal Government, yesterday, challenged Standards Organisation of Nigeria (SON) to reposition companies in the Micro, Small and Medium Enterprises (MSMEs) sectors through quality certification of products in order to earn foreign exchange for the country.

INDUSTRY experts have identified some key factors inhibiting the establishment of new petroleum refineries in the country to include corruption, poor infrastructure, oil theft and economic instability associated with Foreign exchange (Forex) volatility.

The battle to shore up the value of the local currency, Naira, would be sustained with plans to make foreign exchange available to end users.

As part of measures to implement the new foreign exchange measures to address the depreciation of the naira in the parallel market, the Central Bank of Nigeria, CBN, and commercial banks will collaborate with state governments to verify tax clearance certificates.

The Central Bank of Nigeria (CBN) has disbursed the sum of $2.83 billion for utilization in the critical sectors of the economy in the last two months of December 2016 and January 2017.