Nigeria’s central bank injects $195m into forex market

Nigeria’s central bank said Tuesday it had injected $195 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. The bank said in a statement it had released $100 million earmarked for the wholesale market, $50 million for small businesses and individuals, and $45 million for certain dollar expenses […]

CBN injects $142.5m into forex market

The Central Bank of Nigeria (CBN) on Monday injected 142.5 million dollars into the inter-bank foreign exchange, days after intervening in the retail segment of the market with 254.3 million dollars. The spokesperson of the apex bank, Isaac Okorafor, in a statement, said the CBN would continue to carry out its regular mediation in the […]

Gaps in multiple forex rates narrow, naira opens at N364/$ Wednesday

Strong interventions by Central Bank of Nigeria (CBN) geared towards achieving stability amidst  convergence in the exchange rate of the naira  is impacting positively on activities of Nigeria’s foreign exchange market as gap in rates narrows. The forex market opened trading on Wednesday morning with diverse rate for dollar, coming from the multiple foreign-exchange window […]