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The wrong way to defend the naira

The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).

Central bank injects fresh $210 million into forex market

The Central Bank of Nigeria CBN on Tuesday released a total of $210m to Authorized dealers in the wholesale segment of the inter-bank foreign exchange market to meet the requests of their customers.

Central bank confirms 34 primary mortgage banks

The CBN said from its records as of the end of September, 17 of the PMBs were in Lagos; eight in Abuja; two in Akwa Ibom State; while Oyo, Delta, Ogun, Kebbi, Jigawa, Abia and Osun have one each.

Forex: Central bank maintains market liquidity with $195m

The Central Bank of Nigeria on Monday continued to maintain liquidity in the Foreign Exchange market by injecting $195 million in the Nigerian inter-bank foreign exchange market.

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