The Central Bank of Nigeria (CBN) on Tuesday intervened in the interbank foreign exchange (Forex) market with $210m in furtherance of its policy initiatives to sustain liquidity in the market. Data on the distributions of the sum made available by the apex bank indicated that $100m was provided for the wholesale market, $55m for Small […]
Tag: Naira exchange rate
ABCON Laud’s Buhari Govt On Naira Exchange Rate Stability
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has commended the Federal Government, particularly its monetary authorities, on sustained efforts to stabilise the exchange rate of the Naira and curb abuses in the foreign exchange (forex) market. The ABCON chief noted that the three years of the […]
CBN Boosts Inter-Bank Forex Market With $210M
The Central Bank of Nigeria (CBN) today provided the inter-bank foreign exchange market with the sum of $210 million, to meet customers’ requests in various segments of the market.