Gaps in multiple forex rates narrow, naira opens at N364/$ Wednesday
Niyi Jacobs
June 21, 2017
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 […]
CBN boosts forex market with $195m, insists on transparency among stakeholders
Businessam StaffJune 20, 2017
Following its intervention in the inter-bank Foreign Exchange Market, last week, to the tune of over $800 million, the Central Bank of Nigeria (CBN) on Monday, June 19, 2017, injected a total sum of $195m into the inter-bank forex market to meet the requests of customers in the various segments of the market. A breakdown […]