The Central Bank of Nigeria, CBN, on Friday supported the Secondary Market Intervention Sales (SMIS) segment of the foreign exchange market with $318.73million, thereby boosting the market’s liquidity. Data obtained from the bank indicated that the intervention was targeted at consumers in the various segments in the Secondary Market Intervention Sales (SMIS). The apex bank’s […]
The Central Bank of Nigeria (CBN) on Tuesday injected $210 million into the foreign exchange market, to meet customers’ requests in various segments of the market. Out of the sum, the authorized dealers in the wholesale segment of the market got $100 million, while $55 million was supplied each to the Small and Medium Enterprises […]
The Central Bank of Nigeria (CBN) has revised upwards foreign exchange trading margin for Bureau De Change (BDC) operators in the country. Based on the new margin approved by the apex bank, BDC operators would now buy the United States dollar from the CBN at the rate of N357/$1 and sell at N360, thereby leaving […]
Barely 48 hours after intervening in the Inter-Bank segment of the Foreign Exchange (Forex) market with $210 million on Wednesday, the Central Bank of Nigeria (CBN) yesterday released another $100 million into the market to facilitate customers’ access to foreign exchange. According to the apex bank, Thursday’s intervention is informed by the need to further […]
The Central Bank of Nigeria (CBN) on Wednesday supplied the inter-bank segment of the foreign exchange (Forex) market with $210 million in furtherance of its efforts to boost the market’s liquidity. An analysis of the Forex supply showed that $100 million was provided for authorized dealers in the wholesale segment of the market while the […]
The Central Bank of Nigeria (CBN) yesterday injected $210 million into the inter-bank segment of the Foreign Exchange (Forex) market to boost its liquidity. The allocation of the fund into sub-segments of the market indicated that $100 million was allocated to dealers in the Wholesale Sector compared to the Small and Medium Enterprises (SMEs) and […]
The Central Bank of Nigeria (CBN) on Wednesday supplied the inter-bank segment of the foreign exchange (Forex) market with $210 million in furtherance of its efforts to boost the market’s liquidity. An analysis of the Forex supply showed that $100 million was provided for authorized dealers in the wholesale segment of the market while the […]
The Central Bank of Nigeria (CBN) has injected $210 million into the Inter-Bank segment of the Foreign Exchange (Forex) market to boost its liquidity. Figures released by the Bank on Tuesday showed that the Wholesale sector of the market got $100 million while the Small and Medium Enterprises (SMEs) and invisibles sectors each of which […]
The Central Bank of Nigeria (CBN) on Tuesday supplied the inter-bank sector of the Foreign Exchange market with $210 million. The monetary measure is part of the apex bank’s sustained efforts to improve liquidity in the market and by implication, ensure exchange rate stability for the national currency. Figures obtained from the Bank on the […]
The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank segment of the Foreign Exchange (Forex) market with the injection of $210 million into three segments of the market. The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank segment of the Foreign Exchange (Forex) market with the injection of $210 […]