Banking Business Economy

CBN reviews e-payments regulation for public, private sectors

Ihesiulo Grace 11 September 2019 0

…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

Business

Naira strengthens as CBN lifts forex market with $210m

Ihesiulo Grace 17 April 2019

Motolani Oseni The Nigerian currency, Naira, at the end of yesterday trading activities strengthened at the interbank foreign exchange market to close at an appreciable rate of N306.95 per US Dollar at the Central Bank of Nigeria (CBN) official rate, against N307 that has been trading since the beginning of April. This is even as […]

Business

CBN strengthens foreign exchange market with $210m forex injection

Ihesiulo Grace 10 April 2019

Mathew Dadiya The Central Bank of Nigeria (CBN) has in continuation of its weekly intervention, injected $210 million into the Inter-bank Foreign Exchange Market in the sustenance of liquidity in that segment of the market. Figures obtained from the CBN on Tuesday indicated that authorized dealers in the wholesale segment of the market were offered […]

Business Headlines

CBN injects $210m to boosts Forex market

Ihesiulo Grace 29 November 2017 0

The Central Bank of Nigeria (CBN) on Tuesday, announced the injection of another $210,000,000million to boost liquidity in the inter-bank Foreign Exchange Market. Disclosing this in Abuja, the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor said the sum of $100m was offered to the wholesale segment, while the Small and Medium Enterprises

Business Money

External reserves hit $33.1bn as Naira steadies against major currencies

Ihesiulo Grace 17 October 2017 0

Motolani Oseni Despite continuous interventions in the foreign exchange market by the Central Bank of Nigeria (CBN), the Nigeria latest external reserves have touched almost highest in three years to stand at $33.11 billion. This is also as the nation’s currency, Naira, on Tuesday, remained steadied against the three major foreign currencies, US Dollar, Pound […]

Business Headlines

Naira to gain as CBN boosts FOREX Market with $306.3m

Ihesiulo Grace 14 October 2017 0

Mathew Dadiya, Abuja Players in the retail segment of the Nigerian inter-bank foreign exchange market on Friday received a $306.3million boost from the Central Bank of Nigeria (CBN), following bids received from forex dealers by the apex bank. Information obtained from the CBN on Friday indicates that the deals in the retail window represent requests […]

Business

Eid-el-Kabir: CBN injects $547m into Forex market this week

Ihesiulo Grace 31 August 2017 0

Central Bank of Nigeria, (CBN), has given the Nigerian currency, the Naira, another big boost on Thursday, through the injection of $297m into the Retail Secondary Market Intervention Sales (SMIS) segment of the Foreign Exchange (Forex) market. This has, therefore, raised the total intervention for the week to the sum of $547m in view of […]