Home Topics Foreign Exchange Market

Foreign Exchange Market

LCCI decry exclusion of textile from Forex

The Lagos Chamber of Commerce and Industry (LCCI) says the exclusion of all forms of textile materials from the foreign exchange market pose a threat to the N5 trillion fashion industry.

Naira gains against dollar at investors window

The Naira on Friday gained against the dollar at the investors window, exchanging at N360.18 to the dollar.

Central bank places all forms of textile, garments on forex restriction list

Central Bank of Nigeria (CBN) has placed access to foreign exchange for all forms of textile materials on the FOREX restriction list, the Governor, Mr Godwin Emefiele, announced in Abuja on Tuesday.

Naira appreciates against dollar at I&E window

The Naira on Thursday appreciated against the dollar at the import and export (I&E) window in Lagos, exchanging at N360.99 to the dollar from the N361.18 it traded on Wednesday.

Central bank boosts foreign exchange market with $210 million

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers

Central bank boosts foreign exchange market with $210 million

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers.

ABCON: Predictions on Naira devaluation speculative, sabotage

Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), on Monday in Lagos described prediction that the naira would fall to N415 to the dollar by the end of the year as speculative and act of sabotage.

Central dank disputes Business Day report of sleaze in forex market

The Central Bank of Nigeria, CBN, has refuted a front-page news story of Business Day which claims that faceless agents pocket over N32bn annually in profit from the foreign exchange market with the aid of CBN officials.

Central bank injects fresh $210 million in forex market

The Central Bank of Nigeria (CBN) yesterday intervened in the interbank sector of the foreign Exchange market, injecting $210 million into the wholesale segment and other sectors of the market.
Diamond Bank

Diamond Bank appoints Dele Babade acting chairman

Diamond Bank has announced the appointment of Mr. Dele Babade as its acting chairman.

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN) says it has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market.

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 assures manufacturers, farmers of more support in 2019

Central Bank of Nigeria (CBN) says local manufacturers and farmers will be sufficiently supported financially and otherwise in 2019

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.

LCCI: Falling oil prices pose risk to forex market, new minimum wage

The Lagos Chamber of Commerce and Industry (LCCI) has warned that the declining global oil prices pose a risk to stability in the foreign exchange market and may threaten the ongoing negotiation on the new minimum wage.
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.

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.

Naira sells at 364.22 to dollar at investor’ window

The Naira on Tuesday was sold at N364.22 to the dollar at the investors’ window in Lagos, with a turnover of 147.30 million dollars, the News Agency of Nigeria (NAN) reports.

Recent Stories

Emmanuel Emenike will stage a return to the game after six months out with injury in January and his destination could well be former club Fenerbache

Emmanuel Emenike hints at Turkish League return after nine-month inactivity

Former Nigeria international Emmanuel Emenike has expressed his desire to return to Turkey, while also stating that he missed the round leather game.

Governor Al-Makura inaugurates transition committee

Governor Umaru Tanko Al-Makura of Nasarawa State on Wednesday inaugurated a 31-man committee to kick-start the handover of government to the next administration in the state.

Governor Ganduje distributes safe delivery kits to expectant mothers in Kano

Kano State Government has distributed over 10,000 Delivery Kits worth N150 million to Pregnant Women in the State.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Federal government to sell stakes in JVs to improve finances – minister

Udoma Udo Udoma, the minister of budget and national planning, says the federal government will sell some of its stakes in joint ventures with Shell and Chevron to improve its finances.

Suspected cultists kill two corps members, pupil in Bayelsa

Rampaging cultists have killed two active members of the National Youths Service Corps (NYSC) and a pupil of a private school in Yenagoa, Bayelsa State capital.