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Farooq

Posts Tagged "dollar liquidity"

HomePosts Tagged "dollar liquidity"
  • CBN

By Obinna Chima In line with its avowed determination to ensure ample supply of foreign exchange (FX) in the market, the Central Bank of Nigeria (CBN) last Friday auctioned US$418 million through retail-Special Secondary Market Intervention Sales (SMIS), at a marginal rate of N310/$. The Acting Director, Corporate Communications, CBN, Mr. Isaac Okoroafor, in a […]

  • dollar to naira

Nigeria’s foreign reserves appreciated by $4.45 billion in the first three months (Q1) of 2017 as the Central Bank of Nigeria (CBN) sustained pressure in bridging the gap between official foreign exchange and parallel market rates. Statistics on the CBN website at the weekend revealed that the foreign exchange reserves increased by 17.2 per cent […]

  • CBN

LAGOS Feb 27 (Reuters) – Nigeria’s central bank said on Monday it will auction $100 million in forward contracts after selling the U.S. currency last week to boost dollar liquidity and help close the gap between the official and black market exchange rates. The bank sold $370 million in 60-day contracts last Monday while the […]