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Naira fall to 360.75/$ at NAFEX

The Naira, yesterday, depreciated to N360.52 per dollar in the Investors and Exporters (I&E) Foreign Exchange, forex Window. Data from the Financial Market Dealers...

CBN Mop-up N2.9trn In 7 Months to ensure Price Stability

To meet its core objectives of price stability, the Central Bank of Nigeria (CBN) in seven months has mop-up estimated N2.9 trillion excess liquidity...
CBN promotes entrepreneurship in Calabar

Still on the banned 41 forex items by CBN

Like a bombshell, Nigerians were caught unawares at the dawn of second quarter of 2015, when the Central Bank of Nigeria (CBN) stopped foreign...

CBN strengthens naira with $255m

The Central Bank of Nigeria (CBN) yesterday lifted the foreign exchange forex market with a $255 million intervention to ease pressure on the naira. The...

Experts wants CBN sanction for banks breaking forex rules

The Central Bank of Nigeria (CBN) has been urged by stakeholders to sanction banks violating its rules on foreign exchange (forex) transactions. More than 16...

Forex crisis: CBN set to inject additional dollars this week

The Central Bank of Nigeria (CBN) is set to inject more dollars through intervention segments of the market, thereby heightening expectations that the Naira...
Nigerian stocks near 5-month high after CBN FX shift

Capital Market: Operators wants foreign exchange stability

Some capital market operators on Monday said that the Nigerian stock market rebound would only be sustained with the stability in the foreign exchange...

Forex: CBN lifts ban on Keystone Bank, others

Keystone Bank on Thursday said the Central bank of Nigeria(CBN) had readmitted it into the spot and wholesale forwards segment of the foreign exchange...

CBN sells $25 mln for investment, exports at new FX window

The central bank of Nigeria (CBN) sold $25 million on Tuesday in its first day of offering foreign exchange to investors and exporters, it...

FMDQ introduces reference rate for special FX window for investors

THE Financial Market Dealers Quote, FMDQ, yesterday, introduced a reference exchange rate for the newly introduced special foreign exchange window for investors and exporters. The...
FG Plans Establishment of ICT Varsity to Boost Human Capacity

ISPON seeks N100b bailout for software industry

The President, Institute of Software Practitioners of Nigeria (ISON), Olorogun James Emadoye has advised the Federal Government to declare a state of emergency on...

CBN auctions $418m to aviation, oil, agric sectors

The Central Bank of Nigeria (CBN) has  auctioned $418 million  at a marginal rate of N310 to a dollar, to airlines, agriculture, petroleum and...

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