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Central bank injects $210 million to boost forex market

The Central Bank of Nigeria (CBN), in continuation of its intervention in the foreign exchange market, has injected another sum of $210 million to boost sales in the inter-bank segment of the market.

Central bank opens December sale with $210 million

In its first intervention in the foreign exchange market for December, the Central Bank of Nigeria (CBN) yesterday injected the sum of $210 million in the inter-bank foreign exchange market.
china yuan dollar

Central bank injects $331.22 million, CNY51.86 million into retail secondary market

The Central Bank of Nigeria (CBN) has continued its intervention in the retail Secondary Market Intervention Sales (SMIS) by injecting a total of $331.22 million in that segment of the market, in addition to CNY51.86 million in the spot and short-tenored forwards segment.

Central bank introduces $15,000 weekly special intervention for BDCs

The Central Bank of Nigeria on Thursday said it plans to boost its dollar sales to exchange bureaus after the currency weakened sharply on the black market.

Central bank to boost forex sale after naira eases on black market

The Nigerian central bank plans to boost its dollar sales to exchange bureaus after the currency weakened sharply on the black market.

Naira crashes further against dollar at parallel market

The Naira on Thursday depreciated at the parallel market, exchanging at N368 to the dollar.

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.

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”).

Naira loses again against dollar at parallel market

It was sold at N363.5 to the dollar, as against N363 traded on Friday, while the Pound Sterling and the Euro closed at N480 and N417, respectively.

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.

ICPC probes NBC’s Ishaq Kawu, others over N2.5 billion digital switch-over grant

The Independent Corrupt Practices and other related offences Commission (ICPC) has launched a full scale investigation into allegations of mismanaging N2.5 billion of the N10 billion grant for the digital switch-over programme of the Nigerian Broadcasting Corporation (NBC).

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.

Drama as three co-accused become EFCC witnesses against ex-NIMASA chief Patrick Akpobolokemi

A mild drama ensued during the proceedings on Monday at an Ikeja High Court as three men arraigned alongside Patrick Akpobolokemi, the former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), made a “turnaround” to become witnesses for the prosecution.

Osita Okechukwu: PDP spends half a billion naira to launder Atiku Abubakar’s image

Osita Okechukwu, the Director General of Voice of Nigeria (VON) and chieftain of All Progressives Congress (APC) has mocked the People’s Democratic Party (PDP) for spending almost half a billion naira, just to launder the image of its presidential candidate, Atiku Abubakar.

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.

Drug Abuse: NDLEA solicits community support in curbing menace

In its bid to rid the Federal Capital territory (FCT) of drug abuse, the National Drug Law Enforcement Agency (NDLEA) on Friday said that the support of communities would be needed to succeed.

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