Tag: Isaac Okorafor

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Forex: CBN Injects Agric, Raw Materials Into $327m, CNY69m For Retail SMIS

Forex: CBN Injects Agric, Raw Materials Into $327m, CNY69m For Retail SMIS

The Central Bank of Nigeria (CBN), on Friday, August 10, 2018, injected the sum $327,440,499.50 into the interbank retail Secondary Market Interventio...
CBN Says FX Management Reduced Nigeria’s Import Bill

CBN Says FX Management Reduced Nigeria’s Import Bill

The Central Bank of Nigeria (CBN), on Tuesday said steps it has taken so far to manage the nation’s foreign exchange has so far paid off, going by red...
Dealers To Earn N0.5 On Customer Bids, As CBN Begins Yuan Sale

Dealers To Earn N0.5 On Customer Bids, As CBN Begins Yuan Sale

The Central Bank of Nigeria (CBN) on Friday, July 20, 2018, kickstarted its sale of foreign exchange in Chinese Yuan (CNY), in line with the Bilateral...
Forex Market gets CBN’s $210 million boost

Forex Market gets CBN’s $210 million boost

Nigeria’s inter-bank Foreign Exchange Market, on Tuesday, July 10, 2018, received the sum of $210m to meet customers’ requests in various segments. ...
Naira Exchanges At N360/$, As CBN Boosts Retail FX Segment with $318.73m

Naira Exchanges At N360/$, As CBN Boosts Retail FX Segment with $318.73m

The Naira, on Friday, June 29, 2018, exchanged at an average of N360/$1 in the Bureau de Change segment (BDCs) across major trading points in Lagos, A...
Renminbi Intervention: Banks To Earn 50 Kobo Spread On Customer’s Bid- CBN

Renminbi Intervention: Banks To Earn 50 Kobo Spread On Customer’s Bid- CBN

The Central Bank of Nigeria (CBN), on Thursday released its “Regulations for transactions with authorized dealers in Renminbi” on the operations of it...
CBN Boosts FX Liquidity With $331.41m At SMIS

CBN Boosts FX Liquidity With $331.41m At SMIS

In continuation of its push to guarantee foreign exchange liquidity, the Central Bank of Nigeria (CBN) on Friday, June 1, 2018 sold a total of $331.41...
CBN Injects $210m Into Inter-bank FOREX Market

CBN Injects $210m Into Inter-bank FOREX Market

As part of its determination to ensure availability of foreign exchange to genuine customers, the Central Bank of Nigeria (CBN), on Wednesday, May 30,...
CBN To BDCs: You Must Access FX Window Thrice Weekly, Or…

CBN To BDCs: You Must Access FX Window Thrice Weekly, Or…

As part of its key functions of foreign exchange stability and to ensure liquidity in the market, the Central Bank of Nigeria (CBN), on Sunday night d...
Forex: CBN Intervenes With Further $210m

Forex: CBN Intervenes With Further $210m

The Central Bank of Nigeria (CBN), on Wednesday said it made available the sum of $210m, to meet customers’ requests in various segments of the foreig...
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