Home Topics 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.
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.
Clayson Monyela, spokesman of the Department of International Relations and Cooperation (DIRCO) in South Africa, says Nigeria overreacted to the recent xenophobic attack in the country.
While in the house, the 29-year old won the Innoson vehicle valued at over N3m, and a N220,000 Scanfrost TV.
A Medical Practitioner, Dr Tony Momoh, has advised government to fix dilapidated health infrastructure and provide equipment to make the health sector more functional.
The House of Assembly Elections Petition Tribunal sitting in Ibadan on Sunday upheld the elections of two People’s Democratic Party (PDP) assembly members in Oyo State.
A chieftain of the Peoples Democratic Party, PDP, Femi Fani-Kayode, has revealed the man that can save South Africa at this moment.
The United Nations, on Tuesday, said that over 1,400 Nigerians have been killed as a result of kidnapping and banditry within a period of six months in the country.
The Inspector-General of Police, IGP, Mohammed Adamu, has warned members of the Islamic Movement of Nigeria, IMN, otherwise known as Shiites, against embarking on any form of procession in the country, saying the group remained proscribed.
Anthony Joshua has been urged by his trainer to remain calm and use his reach to beat Andy Ruiz Jr when both boxers meet again in December 7 in Saudi Arabia.
Former Zimbabwean President Robert Mugabe stood out as a leader because of his zeal, passion and selfless commitment to the emancipation of the people of Zimbabwe and the self realisation of black people everywhere.
The National Association of Nigerian Students (NANS) has called on the Ekiti State government to immediately constitute a judicial panel of enquiry to investigate the killing of two students of the Federal University Oye-Ekiti during last Tuesday’s protest.