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Naira stables as forex market lifted with $210m

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naira

Following the fresh injection of the total sum of $210 million into the interbank foreign exchange market, the Nigerian currency, Naira on Tuesday stabilised at the official FX market. As at close of yesterday trading activities, the naira stood at an unchanged rate of N305.80 per dollar at inter-bank foreign exchange market, the same rate […]

$25.65bn Forex transactions boost investors’ confidence -Investigation

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Forex

The Investors & Exporters (I & E FX) FX window as at close of 2017 recorded a whopping total transactions’ turnover of $25.65 billion in just nine months of operations in 2017, The Daily Times can authoritatively report. Due to low investors’ confidence and foreign exchange scarcity in 2017, the Central Bank of Nigeria (CBN) […]