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Naira converges at N360 to dollar across major market segments

The Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market, the News Agency of Nigeria reports.

NCAA: Nigerian airlines sold tickets worth N505.2 billion in 2017

The Nigerian Civil Aviation Authority (NCAA), on Thursday, said that domestic and international airlines operating in Nigeria sold tickets worth N505.2 billion in 2017.

Vice President Osinbajo expresses support for upward review of customs personnel remuneration

The Vice President Yemi Osinbajo, has expressed support for an upward review in remuneration of personnel of the Nigeria Customs Service (NCS) to enhance their performance.

Central bank injects $331.41 million into forex market

The bank said the funds were allocated to companies in the agricultural, airline, petroleum and machinery sectors.

Central bank mandates bureaux de change to access foreign exchange window thrice weekly

The Central Bank of Nigeria has made it mandatory for all the Bureau de Change operating in Nigeria to access Foreign Exchange from it thrice a week.

Central bank directs commercial banks, bureaux de change to sell forex to eligible travellers...

The Central Bank of Nigeria (CBN) on Sunday directed all commercial banks and Bureau de Changes (BDCs) to sell foreign exchange (Forex) to all eligible travelers over the counter, regardless of their customer status.

CBN boosts forex market with $100m, warns erring banks

In an apparent move to safeguard the interest of customers seeking to purchase foreign exchange for personal obligations and checkmate any attempt at causing panic in the market, the Central Bank of Nigeria (CBN) on Thursday, May 24, 2018, released the sum of $100 million into the Nigerian Forex market.

Speculative attacks fuel Naira depreciation

The announcement of a currency- swap deal between Nigeria and China has compelled speculators to make last minute plans to wreck havoc on the naira before the deal gets underway.

Federal government compels shippers to open disbursement accounts with foreign principals

In keeping with Article 4 of United Nations Conference on Trade and Development (UNCTAD) minimum standards for shipping agents all over the world, the Federal Government has now compelled all shipping agencies to open Disbursement Accounts (DAs) from where they will carry out operational costs for their multinational principals overseas.

Central bank boosts forex market with $210 million

The Central Bank of Nigeria (CBN) has injected $210 million into the inter-bank foreign exchange (forex) market in continuation of its efforts to sustain liquidity.

Central bank intervenes with $210 million in forex market

The Central Bank of Nigeria (CBN) yesterday stepped into the inter-bank sector of the Foreign Exchange (forex) market, yet again, intervening in the wholesale segment and other sectors of the market to the tune of $210 million.

Naira depreciates further at investors’ window

The Naira on Thursday, depreciated further at the investors’ window, exchanging at N360.31 to the dollar, the News Agency of Nigeria (NAN) reports.

Central bank injects fresh $210m into Forex market

The Central Bank of Nigeria (CBN) says it has again injected 210 million dollars into the Foreign Exchange (Forex) market in continuation of its intervention in the sector.

Naira dips marginally against dollar at parallel market

The Naira on Tuesday depreciated marginally against the dollar at the parallel market, exchanging at N361.20 to the dollar.

ABCON chief warns of looming election-induced capital flight

Ahead of the 2019 general elections, the President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has warned of a possible capital flight.

Forex market: Central bank intervenes with $210 million

The Central Bank of Nigeria (CBN), on Tuesday intervened in the inter-bank sector of the Foreign Exchange market to the tune of $210 million.

Central bank injects fresh $339.89m into forex market

The Central Bank of Nigeria (CBN) yesterday sustained its intervention in the foreign exchange (forex) market by injecting the sum of $339.89 million in the Retail Secondary Market Intervention Sales (SMIS).

Pound recovers as world supports Britain in spy case

The British pound recovered Friday from weakness prompted by a Russian decision to expel British diplomats, as the world rallied in support for London in a crisis sparked by the poisoning of a double agent, analysts said.

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