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Naira gains against dollar at investor’s window

The Naira on Wednesday gained 70 kobo to exchange at N364.15 to the dollar at the investor’s window, the News Agency of Nigeria (NAN) reports.

Forex: Central bank injects $210 million in wholesale segment, others

The Central Bank of Nigeria (CBN) on Tuesday intervened in the wholesale segment of the foreign exchange market, offering the sum of $100 million to dealers in that window.

Central bank spends $20.91 billion in six months to defend naira

Within a space of six months this year, the Central Bank of Nigeria (CBN) has so far expended about $20.91 billion to stabilise the naira at the various segments of the foreign exchange (forex) market.

Central bank injects $318.03m into forex market

The Central Bank of Nigeria (CBN) on Friday said it injected about $318.03 million into the retail secondary market intervention sales (SMIS) of the inter-bank foreign market.
Ibrahim Magu . EFCC

Ibrahim Magu warns BDC operators to be wary of politicians’ excesses

The Acting Chairman, Economic and Financial Crimes Commission, Mr. Ibrahim Magu has cautioned Bureau de Change operators in the country against aiding corrupt practices of some politicians.

Naira appreciates against dollar at investors’ window

The Naira on Thursday appreciated against the dollar at the investor’s window, exchanging at N363.90 to the dollar and stronger than N364.23 posted on Wednesday.

Naira appreciates against dollar at investors’ window

The Naira on Monday gained 10 kobo to exchange at N363.64 to the dollar at the investors’ window, stronger than N363.74 posted on Friday.

ABCON: Central bank’s new rule on bureaux de change difficult to implement

The Association of Bureau De Change Operators of Nigeria (ABCON) has said that Central Bank’s new corporate governance policy limiting the tenure of directors of BDCs might be difficult to implement.

Central bank injects $337.16 million, 56.17 million CNY into forex market

The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November.

Naira remains stable at N360.5 to dollar at parallel market

The Naira on Friday remained stable at the parallel market in Lagos, exchanging at N360.5 to the dollar.

Naira appreciates against dollar at parallel market

The Naira on Tuesday appreciated against the dollar at the parallel market, exchanging at N360 to the dollar, stronger than N361 posted on Monday.

Naira appreciates against dollar at investors’ window

The Naira on Thursday appreciated marginally against the dollar at the Investors’ Window (I & E), exchanging at N363. 57, stronger than N363.94 posted on Wednesday.
China's Yuan

Forex: Central bank provides $317.52m, CNY58.40m for agric, raw materials

The Central Bank of Nigeria (CBN), on Friday, provided 317.52 million dollars and 58.40 million Chinese Yuan (CNY) to customers seeking foreign exchange in the agricultural and raw material sector.

Forex: Central bank injects $303 million, CNY 46.58 million into Retail SMIS

The Central Bank of Nigeria (CBN), on Friday, injected the sum $303.91 million into the interbank retail Secondary Market Intervention Sales.

ABCON kicks as banks suspend BDCs’ accounts over tax remittance

The Association of Bureau de Change Operators of Nigeria has kicked against the on-going banks’ suspension of bureau de change (BDC) accounts and demanded for tax remittances on turnover volumes.

Naira depreciates against dollar at investor’s window

Naira on Friday depreciated marginally against the US dollar at the investors’ window, exchanging at N362.64 compared to N362.32 posted on Thursday.

Central bank boosts forex market with $543 million, CNY63 million

The Central Bank of Nigeria (CBN) has boosted the operations of the inter-bank foreign exchange market with about $543.22 million and CNY63.21 million after two days interventions.

Naira weakens against dollar at parallel market

The Naira on Thursday lost 30 kobo to exchange at N358.30 to the dollar at the parallel market in Lagos, weaker than N358 traded on Wednesday.

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