Begin process to restore international acceptance for Naira, Ex-CBN boss tells FG
A former Deputy Governor of Central Bank Of Nigeria (CBN), Dr Obadiah Mailafia, has called on the Federal Government to take measures that will make Naira convertible international trading currency.
N530bn bond, Tbills maturity to suppress scarcity of funds
There has been drastic reduction in demand for speculation due to fears of further appreciation of the naira
Naira Watch: Naira rises to N380/$
The naira Thursday appreciated by $5 to N380 per dollar in the parallel market due to improved dollar supply and decline in demand for dollars.
Naira Watch: External reserve hit $30.6b as Naira rises by N12 to N385/$
The naira Wednesday appreciated by N12 to N385 against the dollar in the parallel market due to $62 million dollar supply to bureaux de change segment by the Central Bank of Nigeria (CBN).
CBN injects $280m for SMEs, BDCs, invisibles as Naira rises to N397/$
The Central Bank of Nigeria (CBN) Tuesday said that it has supplied $280 million into various sectors of the market and the commencement of its weekly $20,000 sale to licensed Bureaux de Change. It also announced opening of bids for offering $100m wholesale 7-45 days forwards through the Deposit Money Banks (DMBs).
Naira strengthens against dollar at parallel market
The naira firmed against the dollar at the parallel market on Tuesday, closing at N398 to the dollar.The naira appreciated from the N410 it posted at the segment on Friday
It was traded at N497 and N430 to the pound sterling and Euro, respectively, at the segment.
Interest rate volatility to persist amidst N350bn inflow
THE volatility in interest rate in the interbank money market is expected to persist this week despite inflow of N350 billion from matured treasury bills.
Naira Watch: Naira depreciates to N407/$ as CBN releases $250m
The naira Wednesday depreciated to N407 per dollar yesterday in the parallel market even as the Central Bank of Nigeria (CBN) released additional $250 million on 7 to 30 day forwards for agriculture, airline, petroleum products and raw materials.
Naira Watch: Naira appreciates to N400/$, CBN to allow forex trading …
The Central Bank of Nigeria (CBN) is set to open a special window for foreign investors to trade in foreign exchange for dividends and investment remittances.
Naira sustains loss against dollar
The Naira on Tuesday sustained its loss against the dollar at the parallel market.
Naira Watch: Naira appreciates to N403/$
The naira Monday appreciated to N403 per dollar in the parallel market following indication that the CBN will sell $20,000 to each BDCs this week, up from the $10,000 usually sold to each BDC.
