…CBN will be able to sustain its Naira defence through H1-2020 – Analysts Amidst the Central Bank of Nigeria (CBN) continuous interventions in the foreign exchange market, so as to strengthen the naira against other foreign currencies, the external reserves has reduced by $539.3 million in January. The reserves, which is monitored by the apex […]
In its last intervention for the month of November, Friday 29, the Central Bank of Nigeria (CBN) lifted the foreign exchange market with an intervention of $323.5million in the Retail Secondary Market Intervention Sales (SMIS) and CNY 17.9million in the spot and short tenored forwards segment of the inter-bank market. The CBN Director, Corporate Communications […]
…Lifts forex market with $210m FX injection Motolani Oseni The Central Bank of Nigeria (CBN) on Tuesday released regulation for electronic payments and collections for public and private sectors in the country. This is just as the apex bank boosted the interbank segment of the Foreign Exchange Market with an injection of $210 million. The […]