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Naira Sells At N380/$1 As CBN Offers $100m In Wholesale Forwards

Reports from Abuja and Lagos on Thursday indicate the Naira sold at the rate of N380/$1. These reports emerged just as the...

CBN Auctions $185.86m In Retail SMIS

Following Tuesday’s assurances by the Governor of the Central Bank of Nigeria, Godwin Emefiele, that the CBN will continue to intervene in the foreign...

Buhari Writes Senate, Seeks Appointment Of CBN Board Members, Ambassadors

By Yemi Itodo President Muhammadu Buhari has requested for confirmation of the appointment of 5 Non-Executive Directors of the Board of Central Bank of...

CBN Sells $25m In New FX Window For Investors, Exporters

… Dealers fail to subscribe fully to CBN’s $150m offer The Central Bank of Nigeria (CBN) on Tuesday, April 25, 2017, commenced interventions...

FOREX: CBN Injects $246.2m for Wholesale, SMEs, Invisibles

The Central Bank of Nigeria (CBN) on Monday, April 24, 2017, offered the sum of $246.2 million to authorized dealers at the forex auction...

Forex: CBN Creates FX Window For Investors, Exporters

Two weeks after opening a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items, the...

CBN Reverses Cashless Policy

Nigeria's apex Bank, CBN has reversed the cashless policy it earlier directed banks to introduce. According to a circular directing the reversal to...

Naira Firms Up Amid CBN Intervention In Forex Market

The Naira firmed up at the Bureau de Change (BDCs) segment on Thursday, April 20, 2017, trading at between N376 and N378 to the...

CBN Intervenes With $100m In FOREX Market

Following its injection of $280 million into the Foreign Exchange Market on Tuesday, April 18, 2017, the Central Bank of Nigeria (CBN) again on...

CBN Sustains Liquidity In Forex Market, Includes SMEs, BDCs, Invisibles

The Central Bank of Nigeria (CBN) on Tuesday, April 18, 2017, underscored its determination to sustain liquidity in the foreign exchange market with the...

CBN Issues New Form for SMEs

In order to further simplify accessibility to foreign exchange by the Small and Medium Scale Enterprises (SMEs) the Central Bank of Nigeria (CBN)...

CBN Introduces Use Of Form X for SMEs

As part of its determination to increase foreign exchange liquidity and improve access by Small and Medium Enterprises (SMEs) and retail businesses, the Central...

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