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 food items being imported into the country. Some are in […]
#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 to the CBN to withdraw foreign exchange for food importation. […]
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 importation of food into the country, with the steady improvement […]
#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 sum of CNY 28.3million in the spot and short tenored […]
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 6, 2019. Figures obtained from the CBN on Tuesday indicated […]
#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 inter-bank Foreign Exchange Market. Figures obtained from the CBN on […]
#TrackNigeria–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, July 23, 2019. The CBN Director in charge of Corporate Communications, […]
#TrackNigeria –The Nigerian National Petroleum Corporation (NNPC) and the Budget Office of the Federation have commenced extensive round-robin stakeholder engagement designed to seek effective coordination of the 2020-2022 medium term fiscal frameworks. The meeting which […]
#TrackNigeria: The Central Bank of Nigeria (CBN) has summoned all authorised currency dealers for a meeting to discuss development in the foreign exchange market. The invitation was contained in a circular released and signed by […]
#TrackNigeria -The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, June 11, 2019. Figures obtained from the […]
The Central Bank of Nigeria (CBN) on Friday, May 31, 2019, again intervened in the retail Secondary Market Intervention Sales (SMIS) to the tune of $294.7million. Figures obtained from the Bank on Friday indicated that […]
#TrackNigeria – The Central Bank of Nigeria (CBN) on Tuesday, May 28, 2019, injected the sum of $205 million into the inter-bank Foreign Exchange Market, in its continued push to sustain liquidity in the sector. […]
#TrackNigeria – The interbank segment of the Foreign Exchange Market has received a boost of $205 million from the Central Bank of Nigeria (CBN) following the sales concluded on Tuesday, May 7, 2019. Figures obtained […]
#TrackNigeria- The Central Bank of Nigeria (CBN), on Friday, May 3, 2019 made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange market totaling $271.83million and CNY41.14million. The Director, Corporate Communications […]
#TrackNigeria – As part of its ongoing mediation in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Wednesday, April 24, 2019, intervened with the sum of $210 million to sustain liquidity […]
The Central Bank of Nigeria (CBN) has again injected 210 million dollars into the inter-bank Foreign Exchange Market. A statement issued on Tuesday in Abuja, by Mr Isaac Okorafor, Director, Corporate Communications, CBN, said it […]
#TrackNigeria – The Central Bank of Nigeria (CBN) on Friday, April 5, 2019, made an intervention of $247.8million in the retail Secondary Market Intervention Sales (SMIS) and CNY 34.8million in the spot and short tenored […]
In continuation of its periodic intervention in the inter-bank segment of the foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, March 8, 2019, injected the sums of $269.92 million and CNY 31.34 […]
By Chinyere Bassey The Organised Private Sector (OPS) says the Federal Government’s decision to stop sale of foreign exchange to importers of textile materials will revive the industry and save revenue. Mr Timothy Olawale, Director-General, […]
CBN Governor, Godwin Emefiele: says textiles imports are now on forex restriction list with immediate effect By Folasade Akpan/Abuja Textiles and garments imports have joined the FOREX restriction list of the Central Bank of Nigeria, […]
By Racheal Ishaya The Central Bank of Nigeria (CBN), has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor, […]
By Racheal Ishaya The Central Bank of Nigeria (CBN) on Friday provided 340 million dollars and 46.3 million Chinese Yuan (CNY) to customers seeking foreign exchange in the agricultural and raw materials sector. CBN Spokesman, Isaac Okorafor, […]
#TrackNigeria – The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of the market. Figures […]
#TrackNigeria : The Central Bank of Nigeria (CBN) has again made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange market totaling $279.13 million and CNY 46.92. Figures of the sales […]
The Central Bank of Nigeria (CBN) on Tuesday, January 29, 2019, injected another sum of $210 million into the inter-bank foreign exchange market. According to the apex bank the move is in continuation of its […]
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