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Tag "Forex"

No Plans To Stop Forex Intervention–FG

No Plans To Stop Forex Intervention–FG

🕔22:25, 11.Sep 2017

The Central Bank had consistently injected funds into in the interbank foreign exchange market, which received a boost of $547million in the last round of intervention.

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Dollars On The Surplus As CBN Adds $250m Into The Economy

Dollars On The Surplus As CBN Adds $250m Into The Economy

🕔06:13, 6.Sep 2017

As a move to further strengthen the naira against the dollar, the Central Bank of Nigeria(CBN) has added about $250m into the economy to ensure the surplus of the green currency than that of the local currency. The apex bank

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Naira Gains Against Dollar

Naira Gains Against Dollar

🕔11:54, 17.Aug 2017

The latest report from the Central Bank of Nigeria shows that the naira has recorded a huge gain against the dollar after it appreciated below N360/dollar. The gain has therefore been attributed to the continued and persistent supply of dollars

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Unsteady FG Says Economic Policies Still Subject To Change

Unsteady FG Says Economic Policies Still Subject To Change

🕔06:22, 24.Jul 2017

The Federal Government has hinted that the economic policies already adopted could still be changed pending how situations unfold until Nigeria attains the best economy that would be enjoyed. The Federal Government through the Governor of the Central Bank of

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Naira Maintains Stance Against Dollar

Naira Maintains Stance Against Dollar

🕔06:51, 12.Jun 2017

Since the CBN began intensive intervention in the interbank foreign exchange market last February which has discouraged speculators from taking position in the market

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CBN Encouraged As Naira Appreciates

CBN Encouraged As Naira Appreciates

🕔06:59, 2.Jun 2017

Records have it that the local unit has been trading around 382 / dollar on the black market in the last two weeks

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Forex: Banks To Gain More–Analysts

Forex: Banks To Gain More–Analysts

🕔08:15, 29.May 2017

According to analysts at Financial Derivatives Company (FDC) Limited, banks will earn more profits in the development which has been initiated to help salvage the naira from total collapse

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Naira Struggles To Record Gains

Naira Struggles To Record Gains

🕔07:32, 25.May 2017

Analyst have praised the sustainability of the injection of dollar stating that the naira was expected to trade within a narrow range

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CBN Approves More Items For Forex

CBN Approves More Items For Forex

🕔10:56, 18.May 2017

  A new list of more items has been duly considered by the Central Bank of Nigeria(CBN) to source Foreign exchange(Forex) from the market as intervention to salvage the naira continues. The list which was sent on Wednesday, May 17,

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Forex: Soludo Blasts CBN Over Official Rate

Forex: Soludo Blasts CBN Over Official Rate

🕔06:58, 11.May 2017

A former Governor of the Central Bank of Nigeria , Professor  Charles Soludo, has lashed out at the apex bank for its inability to have a unified market. Soludo argued that the official N306/dollar rate has become redundant and is

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