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Central bank injects $956 million, ¥63 million into forex market

The Central Bank of Nigeria (CBN) last month expended over $956 million to defend the nation’s currency, the Naira, at the various segments of the foreign exchange (forex) markets.

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.

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”).

Central bank boosts forex market with $210 million

The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market.

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.
Nigeria Stock Exchange

Stock market loses N320 billion on profit-taking, political uncertainties

With two weeks into the second half (H2) of the year, the Nigerian equities market has lost a total of N320 billion following weak demand by investors who are adopting cautious trading.

Central bank injects another $210 million into forex market

The Central Bank of Nigeria (CBN) has made available the sum of $210 million, to meet customers’ requests in various segments of the inter-bank foreign exchange market.

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.

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.

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.

Forex: Central bank intervenes with another $210 million

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market.

Central bank injects $210 million in forex market

The Central Bank of Nigeria (CBN), yesterday boosted the inter-bank Foreign Exchange market with another sum of $210 million.

Forex: ABCON’s live portal ’ll keep speculators at bay – Aminu Gwadabe

As the Association of Bureaux De Change Operators of Nigeria (ABCON) launched the live rate engine room, www.naijabdcs.com, in Lagos yesterday, its President, Aminu Gwadabe, has predicted that the new initiative would transform the foreign exchange (forex) market and keep speculators at bay.

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.

Naira weakens to N367 to the dollar

The naira weakened to 367 per United States dollar at the parallel market on Wednesday, after closing flat at 365/dollar in the past one week.

Central bank pumps $9.96bn into FX market in 6 months

The Central Bank of Nigeria (CBN) has injected $9.964 billion into the interbank segment of the foreign exchange (forex) market since it commenced its aggressive interventions in February this year.

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