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Tag: Foreign Exchange

CBN Records $14.5bn Foreign Exchange Inflow In 5 Months

The Central Bank of Nige-ria (CBN) recorded foreign exchange inflow of $14.53 billion from January to…

Increased Dollar Demand May Weaken Naira – Analysts

According to analysts, the naira may depreciate marginally on the black market in the days…

Ecobank To Provide Forex For SMEs

Ecobank Nigeria says operators of the Small and Medium Enterprises in the country can approach…

Naira Stable At N364 Per Dollar

Due to weak demand for dollar yesterday, the naira remained stable at N364 per dollar…

Banks To Resume Dollar Loans As Naira Appreciates

Indications have emerged that Deposit Money Banks will soon start to raise dollar-denominated loans, especially…

CBN Injects $190m Into FOREX Market

Relentless to achieve convergence of rates between the interbank and Bureau de Change segments of…

Foreign Currency Transactions Fall By 58%

Nigeria Electronic Fraud Forum’s annual report of 2016 released by the Central Bank of Nigeria…

Dollar Scarcity In Nigeria To Remain Till 2018, Moody’s Predicts

Despite efforts by the Central Bank of Nigeria to strengthen the value of the naira…

CBN Injects Fresh $205m Into Forex Market

On Monday, the Central Bank of Nigeria (CBN) injected over $205 million into the foreign…

Naira Stable At N385/Dollar

At the same rate it closed on Tuesday, the naira closed at N385 against the…