Tag: Forex Market
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CBN injects $210m into Forex Market as Naira sells for N305/$1
The Central Bank of Nigeria (CBN) on Monday injected $210 million into various segments of the inter-bank market as the value of naira dipped to N305.70 to the dollar at the official window. The naira which closed last week Friday at N305.65 to the dollar at CBN window before dropping to N305.70 also weakened slightly…
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CBN injects $304.4m into forex market
The Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) of the inter-bank Foreign Exchange Market to the tune of 304.4 million dollars. The Bank’s Acting Director, Corporate Communications Department, Mr Isaac Okorafor, in a statement in Abuja on Friday reiterated that the objective of the CBN remained to…
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Forex: CBN lifts ban on Keystone Bank, others
Keystone Bank on Thursday said the Central bank of Nigeria(CBN) had readmitted it into the spot and wholesale forwards segment of the foreign exchange market. The bank said in a statement issued in Lagos that the CBN readmitted it sequel to the provision of evidence of sales of foreign exchange to Small and Medium scale…
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BDC operators advocate professionalism in forex market
The Association of Bureaux De Change Operators of Nigeria (ABCON) says it is committed to deepening professionalism among its members to gain investors’ confidence. Alhaji Aminu Gwadabe, ABCON’s President, said this at the South-West zonal meeting of the association on Thursday in Lagos. He said that the body believed that professionalism engendered foreign investors’ confidence…