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Forex

Expert says forex responsible for hike in petrol price

October 7, 2020 Favour Lashem 0

Mr Ronke Onadeko, an expert in oil and gas, says high exchange rate of Naira to the dollar is responsible for increase in price of […]

FOREX: CSOs urge CBN to ensure level playing ground for oil marketers

September 29, 2020 Favour Lashem 0

A consortium of Civil Society Organisations (CSOs) has asked the Central Bank of Nigeria (CBN) to ensure level playing ground for all oil marketers in […]

Forex: Speculators set to count losses

September 2, 2020 Danlami Nmodu 0

Speculators in Nigeria’s foreign exchange market are set to count huge losses as the Naira continues to surge against the dollar, following the interventions made […]

CBN resumes sale of foreign exchange to licensed BDC operators

August 28, 2020 Danlami Nmodu 0

The Central Bank of Nigeria (CBN) says it has commenced the sale of foreign exchange to the Bureau De Change (BDC) operators in the country. […]

CBN goes tough on exporters over forex non-repatriation

August 25, 2020 Danlami Nmodu 0

As part of its effort to increase foreign exchange liquidity in the country, the Central Bank of Nigeria (CBN) has directed all banks in the […]

Financial experts urge CBN to stabilise forex against rising inflation

August 18, 2020 Chimezie Godfrey 0

Financial experts on Tuesday expressed concerns on the country’s rising inflation rate currently at 12.82 per cent, and called for stabilisation of the exchange rate. […]

Osinbajo, Falana, others: Magu writes Salami Panel, denies reports – Full Letter

July 15, 2020 Danlami Nmodu 0

By Danlami Nmodu Suspended acting National Chairman of EFCC, Ibrahim Magu has written to Justice Ayo Salami, Chairman of the Presidential panel probing the EFCC. […]

Forex repatriation: Emefiele assures investors

May 10, 2020 Danlami Nmodu 0

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has assured investors of the security of their investments in the country despite dwindling revenue […]

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CBN resumes Dollar sales for SMEs, school fees, gets tough on speculators, others

April 29, 2020 Danlami Nmodu 0

The Central Bank of Nigeria, CBN has announced the resumption of provision of foreign exchange to banks for onward sale to customers who wish to […]

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HEDA backs Reps on CBN, FIRS forex probe

March 22, 2020 Danlami Nmodu 0

The decision of the House of Representatives to probe critical financial institutions on forextransactions has received a boost from the human rights community whodescribe the […]

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Forex: CBN, NFIU, others move to probe rumours, checkmate panic

March 12, 2020 Danlami Nmodu 0

The Central Bank of Nigeria,CBN said Thursday that it has commenced “a robust and coordinated investigation in collaboration with the Nigerian Financial Intelligence Unit (NFIU) […]

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Forex: CBN injects $292.34m into retail Secondary Market

February 21, 2020 Chimezie Godfrey 0

The Central Bank of Nigeria (CBN) has injected the sum of $292.34 million into the retail Secondary Market Intervention Sales (SMIS). CBN Director, Corporate Communications, […]

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Forex: CBN injects $218.41m, CNY 18m into Retail SMIS

February 7, 2020 Danlami Nmodu 0

In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, February 7, 2020, injected the sum […]

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Forex Intervention: CBN injects $323.5m, CNY 17.9m into Retail SMIS

November 29, 2019 Admins 0

In its last intervention for the month of November,the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an intervention of $323.5million in […]

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Retail SMIS Forex Intervention: CBN injects $341.75m, CNY14.7m

November 15, 2019 Admins 0

The Central Bank of Nigeria (CBN), has intervened in the Retail Secondary Market Intervention Sales (SMIS), to the tune of $341.75 million in addition to […]

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Forex Intervention: CBN injects $314.74m, CNY 23.5m into Retail SMIS

September 21, 2019 Admins 0

In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, September 20, 2019, injected the sum […]

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CBN injects $210m into Forex Market

September 10, 2019 Admins 0

The interbank segment of the Foreign Exchange Market has received another boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded […]

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Forex Intervention: CBN injects $321.11m, CNY 33.3m into retail market

September 6, 2019 Admins 0

The Central Bank of Nigeria (CBN) has injected 321.11million dollars into the retail Secondary Market Intervention Sales (SMIS).The CBN Director of Corporate Communications, Mr Isaac […]

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Pound falls as traders brace for Brexit showdown with parliament’s return

September 2, 2019 Admins 0

The British pound weakened on Monday as traders braced for a clash between the government and lawmakers opposed to Prime Minister Boris Johnson’s Brexit plans […]

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Presidential directive on forex for foods importation: Issues, concerns, By Mustapha Sumaila

August 18, 2019 Admins 0

Stakeholders have continued to react to the recent directive given by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) to restrict forex on […]

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FOREX withdrawal for food import will increase smuggling, says NECA

August 14, 2019 Admins 0

#TrackNigeria: The Nigeria Employers’ Consultative Association (NECA) on Wednesday warned that there would be unprecedented smuggling of food products because of President Muhammadu Buhari’s directive […]

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Buhari directs CBN to stop forex for food import, vows to attend retreat for ministers

August 13, 2019 Admins 0

President Muhammadu Buhari Tuesday in Daura, Katsina State, disclosed that he has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for […]

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Forex Intervention: CBN injects $280.04m, CNY 28.3m into Retail SMIS

August 9, 2019 Admins 0

#TrackNigeria –The Retail Secondary Market Intervention Sales (SMIS) has received a boost of $280.04million from the Central Bank of Nigeria (CBN), which also injected the […]

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Inter-Bank Forex Market: CBN intervenes with $210m

August 6, 2019 Admins 0

The Nigerian inter-bank foreign exchange market received another boost of $210 million from the Central Bank of Nigeria (CBN), following transactions concluded on Tuesday, August […]

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Forex: CBN boosts wholesale segment, others with $210m

July 30, 2019 Admins 0

#TrackNigeria —In its last intervention for the month of July, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into the […]

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