Tag: SMIS

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CBN injects $210m into Nigeria’s Forex Market

CBN injects $210m into Nigeria’s Forex Market

The Central Bank of Nigeria (CBN) has injected a further $210m into the inter-bank Foreign Exchange Market to meet customers’ requests in various segm...
CBN Injects $262.5m Into Retail Secondary Market Intervention

CBN Injects $262.5m Into Retail Secondary Market Intervention

The Central Bank of Nigeria (CBN) on Friday, January 12, 2018, carried out its maiden intervention in the Retail Secondary Market Intervention Sales (...
CBN To Sanction Banks For Non-Compliance With Retail FX Transactions Directive

CBN To Sanction Banks For Non-Compliance With Retail FX Transactions Directive

• Intervenes With A Further $545m The Central Bank of Nigeria (CBN) on Monday expressed displeasure at the failure the nation’s banks to fully comp...
FX Inflow: Accept Requests For Payment Of Port Charges, CBN Directs Banks

FX Inflow: Accept Requests For Payment Of Port Charges, CBN Directs Banks

Injects $364m Into Interbank Market In its bid to enhance foreign exchange inflow, the Central Ban of Nigeria (CBN), on Tuesday directed banks to a...
Banks Have Enough Forex To Meet Genuine Customer Needs- CBN

Banks Have Enough Forex To Meet Genuine Customer Needs- CBN

Offers $195m Forex Intervention The Central Bank of Nigeria (CBN), on Monday, once again assured that arising from its several months of sustained ...
Again, CBN Lifts Inter-Bank Forex Market With $462m

Again, CBN Lifts Inter-Bank Forex Market With $462m

The Central Bank of Nigeria (CBN), again, on Friday, renewed its resolve to continue intervening in the inter-bank foreign exchange market, a move tha...
Nigeria’s Inter-Bank Forex Market Gets $142.5m CBN Inflow

Nigeria’s Inter-Bank Forex Market Gets $142.5m CBN Inflow

The Central Bank of Nigeria (CBN) on Monday, July 10, 2017, injected a total of $142.5m into the inter-bank foreign exchange, days after intervening i...
Retail Forex Segment Gets $254.3m CBN Boost

Retail Forex Segment Gets $254.3m CBN Boost

The retail segment of Nigeria’s inter-bank foreign exchange market got a $254.3m boost from the Central Bank of Nigeria (CBN) on Friday, July 7, 2017,...
Stronger Naira: FX Market Gets Further $195m CBN Life-line

Stronger Naira: FX Market Gets Further $195m CBN Life-line

As part of its continued efforts to stabilise and then enhance the value of the Naira against other global currencies, the Central Bank of Nigeria (CB...
Nigeria’s Forex Market Gets Further $195m CBN Invention

Nigeria’s Forex Market Gets Further $195m CBN Invention

In what seems a renewed assurance of its determination to sustain the ongoing regular intervention in the nation’s foreign exchange market amidst doub...
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