The efforts of the Central Bank of Nigeria (CBN) aimed at ensuring stability in the foreign exchange market may have started yielding results as the market is now awash with…
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Category: Business
Banks’ dollar demand slumps…over Fear of dollar crash
There are strong indications that the demand for foreign exchange by authorized dealers has slumped, as the dealers were only able to pick $45 million out of the $100 million…
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Inflation declines by 0.52 % in March
Agency report || The National Bureau of Statistics on Thursday said that inflation dropped by 0.52 percent in March, the second decline recorded in the year- on- year basis. The…
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CBN releases additional $250m for Forwards market
The Central Bank of Nigeria (CBN) on Wednesday, April 12, 2017, released additional $250 million on 7 to 30-day forwards for agriculture, airline, petroleum products and raw materials. The Bank…
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Forex : CBN Sells $100m to SMEs
… makes $100m spot wholesale … May open window for dividend remittances Small and Medium Enterprises (SMEs) in the country involved in the importation of critical and eligible finished and…
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