….As NAFEX records $195.6m transactions turnover Following the dropped of the Naira to N307 per US Dollar on Monday for the first time ever at the official foreign exchange, the Nigeria’s local currency, rebounded slightly to close at 306.85, as at close of yesterday trading activities, while the local currency extended its gaining streak against […]
The Nigerian Autonomous Foreign Exchange (NAFEX) window, has again boosted already restored investors’ confidence in the Nigerian foreign exchange management and policies, as well as it rebounded economy, with the total transacted turnover of $4.3 billion in one month. In just four days of the concluded week alone, the autonomous forex window declared traded figure […]
Mathew Dadiya, Abuja The Central Bank of Nigeria (CBN) has continued to sustain liquidity in the Foreign Exchange (FOREX) market as it boosted the market on Friday with $308.5m. This move is expected to further ensure liquidity and stability in the FX market. The Daily Times recalls that the apex bank opened the week with […]
The Naira, on Tuesday remained unchained at N390 per dollar rate traded on Monday at the parallel market, even as the Central Bank of Nigeria (CBN) has disclosed its plan to commence announce round of forex injections into the invisible segment of the market. The local currency, earlier in the morning of yesterday traded between […]
The Manufacturers Association of Nigeria (MAN) has stated that its advocacy role has kept the country’s Bank of Industry (BOI) afloat. The association’s President, Dr Frank Jacobs Udemba, who stated this yesterday while addressing the press during its annual Media Luncheon, noted that it has successfully advocated for the recapilization of BOI. Udemba said BOI […]