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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”).
The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market.
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.
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.
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.
The Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market, the News Agency of Nigeria reports.
The bank said the funds were allocated to companies in the agricultural, airline, petroleum and machinery sectors.
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.
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.
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.
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.
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.
The Centre for Citizens with Disabilities, CCD, has called on President Muhammadu Buhari to sign the Disability Bill Act into law to reduce the burden faced by People With Disabilities (PWDs) in the country.
National Chairman, All Progressive Congress, Adams Oshiomhole, on Wednesday expressed hopes that the National Assembly won’t ‘distort the 2019 budget’ as presented.
The Nigerian Meteorological Agency (NiMet), has predicted dust hazy weather conditions over most parts of the country with partly cloudy sky, misty and foggy conditions over some southern cities on Thursday.
A 25-year-old wife of a police officer, Lydia Uwadiegwu, has been arraigned before a Lagos Chief Magistrate’s Court, Ogba, for allegedly chopping-off the ear of a female Sergeant, Blessing A. O. Umongu.
The Centre for Anti-Corruption and Open Leadership (CACOL) has condemned the reported attacks on officials of the Lagos State Traffic Management Authority (LASTMA) by officers of other law enforcement agencies.
The United States and South Korea have failed to agree on a bigger South Korean share of the cost of maintaining U.S. troops in the country, an official said on Friday.
The Peoples Democratic Party on Monday advised President Muhammadu Buhari to return to his house in Daura and take a deserved rest.
The South Zonal Office of the Economic and Financial Crimes Commission (EFCC), on Monday, arraigned a serving member of the National Youth Service Corps (NYSC), identified as Ogbonna Victor Chibuzor, before Justice Mohammed Liman of the Federal High Court, Enugu, for alleged fraud.
The Presidency says President Muhammadu Buhari did not consult 91 political parties before refusing to sign the electoral bill because he needed to act in the best interest of the nation.
Dr Victor Oye, National Chairman, All Progressives Grand Alliance, has lamented the death of Chief Dozie Ikedife, former President-General of Igbo Socio-Cultural organisation, Ohaneze Ndi Igbo.