Tag archive for ‘Forex’
By Modupe Gbadeyanka On Tuesday, May 23rd, 2017
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CBN Fortifies Forex Market with $255m

By Modupe Gbadeyanka On Monday, the Central Bank of Nigeria (CBN) piled the foreign exchange forex market with an additional $255 million as intervention. An analysis of how the money was disbursed showed the wholesale More...

By Modupe Gbadeyanka On Friday, April 21st, 2017
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CBN Sets Up Investors, Exporters Forex Window

By Modupe Gbadeyanka A special window for investors, exporters and end-users to easily access the foreign exchange market has been established by the Central Bank of Nigeria (CBN). This, the apex bank explains, More...

By Modupe Gbadeyanka On Saturday, April 15th, 2017
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Anxiety as CBN $100m Sale Suffers Setback

By Modupe Gbadeyanka There is uncertainty in the foreign exchange market in Nigeria due to the low subscription of the $100 million offered for sale by the country’s central bank on the wholesale spot market More...

By Modupe Gbadeyanka On Tuesday, April 11th, 2017
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CBN Allots $20,000 Forex to SMEs Per Quarter

By Modupe Gbadeyanka Small and Medium-size Enterprises (SMEs) in the country will now have access to at least $20,000 per quarter, the Central Bank of Nigeria (CBN) has pledged. In a circular signed and issued More...

By Modupe Gbadeyanka On Wednesday, April 5th, 2017
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Forex Dealers Subscribes $150m CBN Auction

By Modupe Gbadeyanka The $150 million offered by the Central Bank of Nigeria (CBN) at a forex auction on Monday, April 3, 2017, was fully subscribed, Business Post correspondent reports. Only authorised foreign More...

By Modupe Gbadeyanka On Monday, April 3rd, 2017
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CBN Releases $240m to Banks, Forex Dealers

By Modupe Gbadeyanka On Monday, April 03, 2017, the Central Bank of Nigeria (CBN) said it released the sum of $90 million to banks to enable them meet the forex demands of customers intending to make payments for More...

By Modupe Gbadeyanka On Saturday, April 1st, 2017
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Report Any Bank Refusing to Sell Forex—CBN Tells Customers

By Modupe Gbadeyanka Central Bank of Nigeria (CBN) has advised members of the public willing to obtain foreign exchange for BTA, PTA, tuition and medical fees from banks but are being turned down or frustrated More...

By Modupe Gbadeyanka On Friday, March 31st, 2017
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Forex Manipulation: EFCC Invites More Top CBN Officials

By Modupe Gbadeyanka The Economic and Financial Crimes Commission (EFCC) has invited more senior officials of the Central Bank of Nigeria (CBN) as part of investigations into an alleged foreign exchange scam and More...

By Modupe Gbadeyanka On Monday, March 27th, 2017
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CBN Pumps $185m into Forex Market

By Modupe Gbadeyanka In order to further ease the Naira against the Dollar, the Central Bank of Nigeria (CBN) has announced the release of $185 million into the foreign exchange market. The apex bank made this More...

By Modupe Gbadeyanka On Saturday, March 25th, 2017
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CBN Pumps Fresh $100m in Forex Market

By Modupe Gbadeyanka An additional $100 million has been released into the foreign exchange market by the Central Bank of Nigeria (CBN) for use by wholesale customers. Spokesman of the CBN, Mr Isaac Okorafor disclosed More...

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