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Farooq

Posts Tagged "central bank of nigeria"

HomePosts Tagged "central bank of nigeria"

By Oyetunji Abioye The naira is seen weakening against the United States dollar on the black market in the coming days as demand for the dollar increases. Stakeholders and industry analysts, however, said the local unit was expected to trade within a range on the investor and exporters forex window and official interbank market. The local […]

  • CBN

Obinna Chima As part of efforts to further strengthen the value of the Naira on the parallel market segment of the foreign exchange (forex) market, the Central Bank of Nigeria (CBN) has directed that payments for port charges to the Nigerian Ports Authority (NPA) and Nigerian Maritime Administration and Safety Agency (NIMASA) by oil marketing […]

The Naira on Tuesday exchanged in the parallel market at N366, same rate it closed on Monday. Pound Sterling and the Euro closed at N477 and N428, respectively. This is just as the Central Bank of Nigeria (CBN) injected $195 million into the interbank market. A statement by Acting Director, Corporate Communications Department, CBN, Isaac […]

The Central Bank of Nigeria (CBN) on Monday boosted the Foreign Exchange (FOREX) market by 195 million dollars intervention in three segments of the market. Mr Isaac Okorafor, the Acting Director, Corporate Communications Department of CBN, said this in a statement on Monday in Abuja. He said “in the wholesale segment of the inter-bank foreign […]

  • CBN

LAGOS, Aug 3 (Reuters) – Nigerian banks have started showing investors price quotes for the country’s currency, the naira, on screens instead of giving them by phone, traders said. The move is part of an effort to draw dollars back to the ailing Nigerian economy, which has been short of dollars since the price of […]

  • CBN

By Obinna Chima The Central Bank of Nigeria (CBN) will this week conduct its bi-weekly treasury bills auction with total offer of N229.1 billion to offset maturing bills of the same amount. In addition, the central bank is expected to float open market operations (OMO) auctions to keep financial system liquidity tight. Afrinvest West Africa […]

  • dollar to naira

By Bukola Idowu Lagos — An injection of $657.33 million into the foreign exchange market last week saw the value of the naira gain strength at three of the foreign exchange markets rising by 0.8 per cent at both the parallel and Bureau de Change ends of the market. The naira also gained value at […]

Nigeria’s external reserves rose to $30.69 billion on July 25, from its low of $30.21 billion in June 15, according to data from the Central Bank of Nigeria (CBN). It had risen to as high as $30.98 billion in May 5, 2017. Naira strengthened on Wednesday across foreign exchange market following sustained interventions by the […]

  • dollar to naira

NAIROBI, July 27 (Reuters) – Uganda’s shilling and Zambia’s kwacha are forecast to weaken against the dollar in the next week to Thursday, while Ghana’s cedi will firm and the currencies of Kenya, Nigeria and Tanzania are expected to hold steady, traders said. KENYA Kenya’s shilling is expected to hold steady in the next week […]

The Nigerian Stock Exchange (NSE) continued its rally on Wednesday following the decision of the Central Bank of Nigeria (CBN) monetary policy committee (MPC) to hold key interest rate at 14 percent for 12 months running. On Tuesday, Godwin Emefiele, the governor of the bank, announced that the committee decided to “retain the MPR at […]