Posts Tagged ‘FOREX’
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CBN|$60 billion forex cash keeps Naira stable for 29 months – Godwin Emefiele

by Chuks Azotanion December 4, 2019
The $60 billion inflows from the Investors’ and Exporters’ Foreign Exchange (I&E Forex) Window has contributed to the sustained stability of the naira against world currencies for the last 29 months, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has said. Speaking at the 54th Annual Bankers Dinner held in Lagos at the weekend, […]

Central bank injects $323.5 million, CNY 17.9 million into forex market

by Chuks Azotanion December 3, 2019
The Central Bank of Nigeria (CBN) has injected 323.5million dollars into the Retail Secondary Market Intervention Sales (SMIS) for its last intervention for November. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja. Okorafor said the bank also intervened with CNY 17.9million in the spot and short-tenured […]

Nigeria May Introduce Contracts to Manage Naira Risk for a Decade [See Graphics]

by Ikokwu Ikembaon September 6, 2019
Nigeria wants to offer naira futures of as long as 10 years to help cushion against foreign-exchange risks and attract longer-term funding to Africa’s top oil producer. The Central Bank of Nigeria started selling foreign-currency futures contracts on the FMDQ Securities Exchange Plc in 2017 with a maximum duration of 13 months. This was to […]

FOREX: CBN intervenes with $321.11m, CNY33.3m

by Ikokwu Ikembaon September 6, 2019
The Central Bank of Nigeria (CBN) on Friday said it made another intervention in the Retail Secondary Market Intervention Sales (SMIS) with the injection of about $321 million. The CBN spokesperson, Isaac Okorafor, said the figures obtained at the end of business on Friday showed another CNY33.3 million was offered on the spot and short-tenured […]

CBN injects $210 million in interbank forex market

by Ikokwu Ikembaon July 24, 2019
The Nigerian Inter-bank foreign exchange market received another boost of 210 million dollars from the Central Bank of Nigeria (CBN) after transactions on Tuesday, July 23. Isaac Okorafor, the CBN Director, Corporate Communications Department, said this in a statement in Abuja on Wednesday. Mr Okorafor said that the authorised dealers in the wholesale sector of […]

ECONOMY: CBN Intervenes in Forex market with $210 Million

by Ikokwu Ikembaon July 16, 2019
ABUJA – The interbank segment of the Foreign Exchange Market has received a fresh boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, July 16, 2019. Figures obtained from the CBN indicated that authorized dealers in the wholesale segment of the market were again offered the sum of […]