Tag: FOREX
Naira depreciates against dollar at parallel market
The Naira on Monday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.
The Nigerian currency lost...
We can no longer import, sell petrol at N145 per litre...
Independent oil marketers have said they can no longer import and sell petrol at N145 per litre with the current exchange rate.
Private marketers stopped...
CBN ends forex trading week with $288m Retail SMIS
The Central Bank of Nigeria (CBN) on Friday injected the sum of $287.89 into the Retail Secondary Market Intervention Sales (SMIS) in continuation of...
Forex: CBN goes tough on banks, floods market with $545m
The Central Bank of Nigeria (CBN) on Monday threatened to sanction any deposit money bank (DMB) in breach of its earlier directive of March...
CBN injects $195m into Forex market ahead of MPC decisions
Ahead of the decisions of the Monetary Policy Committee (MPC) on Tuesday, the Central Bank of Nigeria (CBN) on Monday boosted liquidity in various...
You can now spend $2000 monthly on UBA naira cards
United Bank for Africa (UBA) Plc on Wednesday announced an immediate upward review of the monthly international spend limit on its debit and prepaid...
CBN pumps $81.2 m for BTA, PTA, tuition fees, SMEs segments
Following last Friday’s injection of $389 million into the retail segment of the forex market, the Central Bank of Nigeria (CBN) on Monday intervened...
CBN bars Skye Bank, GTBank, FCMB, others from forex sale to...
The Central Bank of Nigeria (CBN) has barred all but eight banks from participating in the weekly SME wholesale spot and forward intervention with...
Forex dealers pick $85.69m out of $100m offered by CBN
The Central Bank of Nigeria (CBN) disclosed on Friday that authorised dealers were only able to pick $85.69 million out of the $100 million...
CBN introduces Form X for SMEs in need of forex
As part of its determination to increase foreign exchange liquidity and improve access by Small and Medium Enterprises (SMEs) and retail businesses, the Central...