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CBN Gives Retail SMIS $343.06m Boost  – The Triangle

The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018. Figures obtained from the Bank indicate that the amount released was for requests in the agricultural, airlines, petroleum products and raw materials […]

ABCON President wants CBN to approve Yuan disbursements to members

ABCON President wants CBN to approve Yuan disbursements to members. – Related articles … CBN issues guidelines on Naira-Renminbi swap deal.

Now that Recession Rain is Over

The Muhammadu Buhari Administration has just completed its third year in office and entered  its last lap before testing its popularity with the electorate. Has the President done well? His Central Bank Governor Godwin Emefiele says his Principal has done well endorsing his economic growth plan with high marks. This is going by the indices […]

BDCs seek Yuan disbursements for PTA, BTA to deepen swap deal – Punch Newspapers

The Association of Bureaux De Change Operators of Nigeria on Saturday urged the CBN to approve the Chinese currency disbursements to its members, to deepen the China-Nigeria Swap deal. Alhaji Aminu Gwadabe, President, ABCON, told the News Agency of Nigeria in Lagos that the approval would enable BDCs to sell Personal and Business Travelling Allowances […]

BDCs Seek Yuan Disbursements, Seek To Deepen Naira-Yuan Swap Deal

BDCs Seek Yuan Disbursements, Seek To Deepen Naira-Yuan Swap Deal The Association of Bureau De Change Operators of Nigeria (ABCON) on Saturday urged the CBN to approve the Renminbi (Yuan) disbursements to its members, to deepen the China-Nigeria Swap deal. Alhaji Aminu Gwadabe, President, ABCON, told the News Agency of Nigeria (NAN) in Lagos that […]

Naija Dailies: Nigerian Entertainment News | FOREX | Naira Reacts As CBN Intervenes with Fresh $343 Million

   Top Nigerian Dailies    Most Read Nigerian News    Certified Global Alexa Rank 1 Orji Kalu: Those fighting Buhari are looters – Ex-Governor […]

FOREX: Naira Reacts As CBN Intervenes with Fresh $343 Million

The Central Bank of Nigeria (CBN) has again intervened in the retail secondary market intervention sales (SMIS) with $343.06 million. Figures obtained from the Bank on Thursday indicated that the amount released was for requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors. NOW TRENDING: NCC Directs All Telecoms Operators To […]

FX markets close the week on a positive note

Market recap is a summary of activities across Nigerian and global financial markets every week. Here is the market recap for the week ended June 15, 2018. Stocks The Nigerian Stock Exchange (NSE) All Share Index (ASI) closed at 38,928.02 basis points, up 0.67%. Year-to-date, the index remains positive at 1.79%. 40 equities appreciated in […]

Naira exchanges for N497$, as CBN resumes dollar sales to BDCs

Expectations are high that the naira which depreciated at the parallel market on Friday as dollar scarcity worsened, may be seeing some respite as the Central Bank of Nigeria (CBN) resumes dollar sales to Bureau De Change (BDC), operators this week. The Nigerian currency exchanged for N497 to a dollar at the parallel market, losing […]

Naira gains as CBN boosts dollar supply

Naira strengthened against the dollar, heading for its first gain since starting to trade without a peg three days ago, as the central bank sought to stabilize the market by selling dollars. The naira rose 0.7 percent to N282.5 per dollar by 5 p.m. in Lagos, the commercial capital of Africa’s largest economy, after earlier […]

CBN gives incentives to importers using Chinese Yuan

The Central Bank of Nigeria (CBN), has come up with fresh incentives for importers as it seeks to replace the use of Dollars with the Yuan as the currency of importation from China. It has also assured Nigerians that it has enough arsenals to defend the Naira. Disclosing this after Bankers’ Committee’s meeting Thursday in […]

Bankers’ Committee Worried US Tax Cut May Affect Nigeria

“Generally, the Bankers’ Committee realised that the CBN has enough … in terms of naira amount that he is going to use to get the foreign currency.”.

External reserves gain $203m, CBN boosts forex supply |

Feyisayo Popoola ‘); }()); The nation’s foreign exchange reserves increased by $203.2m in the six days to Wednesday, the latest data from the Central Bank of Nigeria showed on Thursday. The reserves, which stood at $47,425bn on June 7, 2018, rose to $47.627bn on June 13, after increasing for the first time in more than […]

CBN lifts retail SMIS with $343.06m > Financial Watch

CBN Forex: CBN lifts retail SMIS with $343.06m – The Central Bank of Nigeria (CBN) yesterday intervened in the Retail Secondary Market Intervention Sales (SMIS) $343.06 million injection. Figures obtained from the apex bank showed that the amount released was for requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors. CBN Acting […]