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Central bank sustains forex intervention, injects fresh $210 million

The Central Bank of Nigeria (CBN) yesterday, injected the sum of $210 million into the inter-bank foreign exchange (forex) market.

Fake BDC operators bag jail terms for $1.5 million fraud

Five Bureau de Change operators have been convicted and jailed for allegedly defrauding another BDC operator, the Managing Director of Dashad Bureau de Change, Alhaji Tayo, of $1 million.

Naira appreciates marginally against dollar at parallel market

The Naira appreciated marginally on Thursday at the parallel market in Lagos, exchanging at N358 to the dollar against N358.5 on Wednesday, gaining 50 kobo.

Naira sells at N358.5 to dollar at parallel market

The Naira on Wednesday appreciated marginally against the dollar at the parallel market in Lagos, exchanging at N358.50 to the dollar.

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN), on Tuesday injected 210 million dollars into the inter-bank Foreign Exchange market to meet customers’ requests in various segments of the market.

Naira gains against dollar at parallel market

The Naira on Friday firmed up against the dollar at the parallel market, gaining 20 kobo to exchange at N359 to the dollar, the News Agency of Nigeria reports.

Low forex inflow weakens Naira at I&E window

The value of the naira at the Nigeria Autonomus Foreign Exchange (NAFEX) market weakened last week compared to what it closed the previous week as inflow from the window dropped to $796.02 million.

Central bank injects $210m into foreign exchange market

The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars into the inter-bank Foreign Exchange Market to sustain liquidity.

Naira stable at N360/$ at parallel market

The Nigerian currency had been trading at N360 to the Dollar for four days running, while the Pound Sterling and the Euro closed at N486 and N420, respectively.

Naira remains stable at N360 to dollar at parallel market

The Nigerian currency had traded at same rate for the past two days, while the Pound Sterling and the Euro closed at N480 and N421 respectively.

Naira hedges against dollar at parallel market

The naira on Wednesday exchanged at N359.80 to the dollar at the parallel market in Lagos gaining 20 kobo from N360 exchanged on Tuesday.

Naira weakens marginally against dollar

The Naira on Tuesday weakened marginally against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.

EFCC: How businessman ‘stole’ N277 million from Kwara government

The Economic and Financial Crimes Commission (EFCC), on Monday revealed how Mohammed Gobir, a businessman and former boss of Kwara Hotels allegedly defrauded the Kwara government of N277million in 2013.

Central bank boosts forex market with $210 million

The Central Bank of Nigeria (CBN) has boosted the foreign exchange market with $210 million to meet customers’ requests in various segments, Isaac Okorafor, Acting Director, Corporate Communications, said.

Naira strengthens against dollar at parallel market

The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars to meet customers’ requests in various segments of the foreign exchange market.

Cleric defrauds bureau de change of N12 million, gets N5 million bail

A 41-year-old cleric, Segun Oyeniyi, is facing trial at a Tinubu Magistrate Court, Lagos, for allegedly defrauding a Bureau de change operator of N12 million.

Central bank orders commercial banks to sell forex to customers, non-customers

As the Central Bank of Nigeria (CBN) at the weekendordered all Deposit Money Banks (DMBs) to sell forex to travellers over the counter, the Association of Bureaux De Change Operators of Nigeria (ABCON) has kicked against the order calling on the regulator to review BDC’s dollar purchase rate to align with rate commercial banks’ buying rate.

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