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Farooq

Posts Tagged "cbn"

HomePosts Tagged "cbn"

The Naira on Tuesday traded at N362.5 to the dollar at the parallel market. Meanwhile, the Pound Sterling and the Euro closed at N476 and N426 respectively. At the Bureau De Change window, the Naira flattened at N362 to the dollar, while the Pound Sterling and the Euro closed at N476 and N426 respectively. Trading […]

By Kayode Tokede Lagos — The Central Bank of Nigeria (CBN) has disclosed that Naira in circulation has increased to N1.79 trillion in October 2017, a month-on-month (m-o-m) growth of 0.6 per cent. CBN in September had reported N1.78 trillion in circulation, the second lowest, after N1.76 trillion it reported in July this year. Data […]

The naira on Thursday appreciated to N359.56 in the Investor and Exporter (I&E) Foreign Exchange, forex. The indicative exchange rate for the I & E Forex Window, known as Nigerian Autonomous Foreign Exchange, NAFEX, appreciated to N359.56 per dollar. It jumped from Wednesday’s market rate which stood at N360.70 per dollar. This indicates an appreciation […]

Oyetunji Abioye The Central Bank of Nigeria has continued its sustenance of foreign exchange liquidity by injecting another $195m into the inter-bank foreign exchange market, even as the naira maintains its strength. The $195m intervention was made on Monday. Figures released by the bank showed that it offered the sum of $100m to the wholesale […]

Nigerian officials are increasingly confident the naira’s troubles are over for good. Some investors, however, disagree. According to Bloomberg, portfolio inflows have risen in the past three months with crude prices increasing above $60 a barrel and money managers taking heart from a new foreign-exchange trading window, in which the naira has converged with the black-market rate. […]

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By Babajide Komolafe THE nation’s external reserve will this month hit $35 billion, the highest in three years. The last time the nation had $35 billion external reserve was end of November 2014, when it dropped to $35.24 billion from $36.25 billion at end of October 2014. Indications to this emerge from the Central Bank […]

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By Obinna Chima The Central Bank of Nigeria (CBN) last week auctioned treasury bills worth N133.79 billion via primary markets. A breakdown of the fixed income instrument showed that while it issued 91-day bills worth N32.40 billion; 182-day bills worth N35.00 billion, it also sold 364-day bills worth N66.39 billion. On the other hand, analysts […]

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LAGOS, Oct 19 (Reuters) – Nigeria’s central bank sold 98 billion naira of treasury securities on Thursday to keep liquidity tight to support the currency, a day after it auctioned 133.25 billion naira of T-bills, traders said. The local naira currency has been stable for more than two weeks, supported by central bank interventions, foreign […]

The Central Bank of Nigeria (CBN) has injected $195 million into the inter-bank of the foreign exchange (forex) market. This comes on the back of the apex bank’s monetary policy aimed at uplifting the naira exchange rate. Figures made available on Monday showed that the bank had sold an initial $100 million in the wholesale segment […]

  • CBN

The Central Bank of Nigeria (CBN), Monday, continued its intervention in the inter-bank foreign Exchange market with the injection of $195m. Figures released by the CBN show that it offered the total sum of $100million to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment received the sum of $50 million. The invisibles segment, comprising tuition fees, medical payments and Basic Travel Allowance (BTA), among […]