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Cbn new forex policy

Cbn new forex policy. … of Nigeria (CBN) will help shore up the naira, an official of the bank Feb 21, 2017 On Monday, 20th February 2017, the Central …

CBN Vows To Sanction Banks Hoarding Forex

ABUJA,  (Sundiata Post) — The Central Bank of Nigeria (CBN) has warned of severe consequences for any financial institution in the country that hoards foreign exchange from potential customers. Spokesman of the CBN, Mr. Isaac Okorafor, said in an interview on Friday intervention strategy of the apex bank is designed to help stabilise the economy […]

Dollar to Naira black market rate today Friday, 22nd September 2017

Dollar to Naira black market rate today Friday, 22nd September 2017 Naira depreciates despite CBN intervention Dollar to Naira black market rate today Friday, 22nd September 2017 is N363/N368.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of the year. Earlier in the […]

CBN Warns Banks, Hoard Forex, Face Stiff Sanctions

The Central Bank of Nigeria (CBN) will not hesitate to impose stiff sanctions against any financial Institution caught flouting its directive on Forex management. This was according to CBN’s Acting Director, Corporate Communications, Isaac Okorafor, who on Friday stated that the apex bank has its eagle eye on commercial banks so as to ensure compliance. […]

CBN threatens stiff sanctions against banks hoarding forex

  The Central Bank of Nigeria (CBN) has warned of stiff sanctions against any financial institution in the country that hoards foreign exchange from potential customers. Our correspondents investigations revealed that the CBN in the last six months had intervened in the foreign exchange market to the tune of about $10 billion. The intervention strategy […]

CBN’s $4bn offer in new forex deal pushes Naira to N282 to dollar

CBN’s $4bn offer in new forex deal pushes Naira to N282 to dollar

Naira To Dollar Exchange Rate Today

Author: Updated: September 22, 2017 Views: The Nigerian Currency, Naira on Thursday lost some value against the US dollar at the parallel market, exchanging at N365.5 to the dollar.Naija News learnt that the Nigerian currency lost 50 kobo from N365 posted on Wednesday, while the Pound Sterling and the Euro closed at N487 and N436.At […]

Naira Depreciates Again Despite CBN Intervention

All efforts by the Central Bank of Nigeria to have the naira attain a stable point is yet hold meaningful results as its value is still unstable and unpredictable. Records from the Investors and Exports (I&E) Foreign Exchange, forex Window shows that the naira depreciated by 8 Kobo/dollar to N360.33/dollar. Data from the Financial Market […]

CBN sells additional N207bn T-bills to support naira | NigerianTell

New Telegraph (Yesterday) The Central Bank of Nigeria (CBN) sold N207 billion in treasuries yesterday to mop up liquidity, a day after it raised more money than planned via a debt auction as it moved to keep borrowing costs high to support the currency, traders said. The Apex bank is aggressively mopping up funds from […]

Firms complain of naira shortage to buy dollars – Similar News

World North America Latin America Europe Africa Middle East Asia Oceania All Login Go! Firms complain of naira shortage to buy dollars – Similar News Firms complain of naira shortage to buy dollars Punch Nigeria Lending rate drops on fresh naira injection Punch Nigeria Similar Naira crashes further against dollar as CBN vows to punish […]

Naira to take cue from MPC decision next Tuesday – Punch Newspapers

Oyetunji Abioye The naira is expected to trade little change against the United States dollar next week as investors await the Central Bank of Nigeria’s Monetary Policy Committee decision on interest rate on Tuesday. After its two-day bi-monthly meeting held on Monday and Tuesday, the CBN Governor, Mr. Godwin Emefiele, said the committee would announce […]

Firms complain of naira shortage to buy dollars – Punch Newspapers

Oyetunji Abioye with agency report A Central Bank of Nigeria requirement that companies back forward dollar purchases with naira is drying up supplies of the local currency. The development has helped to underpin a 2.1 per cent gain since the naira fell to a record low against the greenback on August 9. Also, an increase […]

Dollar to Naira black market rate today Thursday, 21st September 2017

Dollar to Naira black market rate today Thursday, 21st September 2017 Dollar to Naira black market rate today Thursday, 21st September 2017 is N363/N368.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of the year. Earlier in the year 1 usd to 1 […]

CBN sells more treasuries as moves to support naira – MetroBusinessNews

Nigeria’s central bank sold 207 billion naira in treasuries on Thursday to mop up liquidity, a day after it raised more money than planned via a debt auction as it moved to keep borrowing costs high to support the currency, traders said. The bank is aggressively mopping up funds from the banking system to help […]