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CBN Auctions $186m through Retail SMIS

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele  Settles $965.29m maturing FX futures contracts on FMDQ Obinna Chima
 Following last Tuesday’s  assurances by the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, that the CBN would continue to intervene in the foreign exchange market, the bank wednesday auctioned […]

FG Partners ADB To Fund Coal Initiatives |

Power Generation: FG Partners ADB To Fund Coal Initiatives By Bukola Idowu — Apr 27, 2017 2:50 am | As the Central Bank of Nigeria (CBN) continues its in its supply of dollars at the foreign exchange market at both the interbank and bureau de change end of the markets, the external reserves […]

Naija Dailies: Nigerian News | Naira Watch | CBN auctions $185.86m in Retail SMIS as Naira stable at N382/$

   Top Nigerian Dailies    Most Read Nigerian News    Certified Global Alexa Rank 1 Buhari: Police hunt for cop who vowed to kill 200 – The Punch, 5 hours ago 2 Biafra: Fayose, Ekweremadu to […]

CBN auctions $185.86m in Retail SMIS as Naira stable at N382/$

By Babajide Komolafe The Central Bank of Nigeria (CBN) yesterday sold $185.86million at the retail Secondary Market Intervention Sales (SMIS), even as the naira remained stable at N382 per dollar in the parallel market. CBN’s Acting Director, Corporate Communications, Department, Mr.  Isaac Okorafor confirmed this development disclosing that out of the auctioned amount, only $3.14million […]

Naira Watch: CBN auctions $185.86m in Retail SMIS as Naira stable at N382/$

Naira Watch: CBN auctions $185.86m in Retail SMIS as Naira stable at N382/$ What do you think of this post?Sucks (0)Boring (0)Useful (0)Interesting (0)Awesome (0) By Babajide Komolafe The Central Bank of Nigeria (CBN) yesterday sold $185.86million at the retail Secondary Market Intervention Sales (SMIS), even as the naira remained stable at N382 per dollar in the parallel market. […]

Naira Watch: CBN auctions $185.86m in Retail SMIS as Naira stable at N382

Naira Watch: CBN auctions $185.86m in Retail SMIS as Naira stable at N382/$

Dollar to Naira black market rate today Wednesday, 26th April 2017

The Dollar to Naira black market rate today Wednesday, 26th April 2017 is N383/N390.  The Exchange rate of dollar to naira has seen the naira have mixed fortunes over the last couple of weeks. Earlier in the year 1 usd to ngn black market rate was as high as N500/N520. However, the naira exchange rate […]

Buhari writes Senate on appointment of CBN board members, ambassadors |

President Muhammadu Buhari has requested the confirmation of the appointment of 5 Non-Executive Directors of the Board of Central Bank of Nigeria (CBN). This request was in a letter dated 12th April, 2017 and read on the floor of the Senate on Wednesday. Buhari said their nomination was in accordance with sections 6 (1) (d) […]

Good News! Naira gains more as CBN pumps in $180M (Read) | Nigerian News | Pinterest

Good News! Naira gains more as CBN pumps in $180M (Read) | Nigerian News | Pinterest | Bomba O Pinterest utiliza cookies para te proporcionar a melhor experiência possível. Já percebi! Good News! Naira gains more as CBN pumps in $180M (Read) Christians are frustrating fight against terrorism in Nigeria – Islamic scholar, Ahmad Gumi […]

Expert says new FX window will restore investors’ confidence in economy

Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), has said that the new foreign exchange window for investors and exporters would restore investors’ confidence in the market. Gwadabe told newsmen in an interview on Wednesday in Lagos that the effective utilisation of the window would make the Naira stronger and […]

Naira Slides For 2nd Consecutive Day Despite CBN Intervention

Details Written by Tim Elombah Created: 26 April 2017 The value of Nigeria’s naira for portfolio investors has eased for a second day on Wednesday compared with the interbank rate. The slight slide follows despite the intervention by the Central Bank of Nigeria [CBN] which supplied $25 million to boost liquidity. The naira was quoted […]

Nigeria should exit recession by the end of June, this year-CBN

(Ecofin Agency) – Nigeria should get out of recession latest by the end of June. This was declared by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, after a meeting with Senate’s leadership on Tuesday. “We are very much optimistic that by the end of the second quarter very latest third quarter […]

Nigeria: CBN s dollar flood inter-bank market, as Naira falls to 380

CBN pumps $150m into the market, but dealers were only able to buy $96m due to fall in dollar demand. Read on the original site …

CBN’s dollar flood inter-bank market, as Naira falls to 380 – Welcome to Naijadailyfeed’s Blog

CBN pumps $150m into the market, but dealers were only able to buy $96m due to fall in dollar demand. There was an indication that the recent Central Bank of Nigeria’s dollars injection into the inter-bank market was not fully absorbed by commercial banks, due to fall in demand for dollars by players in this […]