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CBN asks importers to trade with yuan instead of dollar 

CBN pumps $210m into forex market 

The Central Bank of Nigeria (CBN) on Friday made its first intervention in the inter-bank sector of the Foreign Exchange (FOREX) market for 2019 with a sum of $210...

CBN says forex inflow hit $91bn in 2017

CBN injects $210m into forex market

The Central Bank of Nigeria (CBN), on Tuesday, said it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and...

Emefile-CBN

CBN injects $210m into forex market

In its desire to ensure the availability of forex and also meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) has injected...

Emefile-CBN

Foreign reserve hits $38.2bn as CBN pumps $210m into forex market 

By Patience Danjuma  The Central Bank of Nigeria (CBN) has disclosed that the nation’s foreign reserve has reach $38.2 billion, the first time in nearly three...

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Naira appreciates in all segments of FOREX market

The Naira on Monday appreciated in all the major segments of the foreign exchange market, newsmen report. The Nigerian currency gained three points to exchange at N460,...

CBN says forex inflow hit $91bn in 2017

Forex market posts dollar trades at near record low

Nigeria’s interbank forex market traded $540,000 in early deals at 375 naira per dollar, near a record low exchange rate hit last November, Thomson Reuters data...

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CBN to inject more dollars into forex market

The Central Bank of Nigeria (CBN) will on Saturday pump more dollars into the foreign exchange market in continuation of its strategy to further strengthen the value of...