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Dollar to Naira black market rate today Monday, 11th December 2017

Dollar to Naira black market rate today Monday, 11th December 2017  Naira starts week on stable note Dollar to Naira black market rate today Monday, 11th December 2017 is N360/N363.  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 […]

Naira Stabilises As CBN Increases Forex Market With $514M |

The Central Bank of Nigeria has increased foreign exchange market transactions for the week with $303.9 million, even as it earlier in the week sold $210 million to uphold liquidity. This is the second week in succession that the CBN has exceeded a $500 million intervention in the past 5 weeks. The development comes on […]

CBN injects $ 514 million to protect Naira ahead of Christmas

Dec 11 (Lagos) – The Central Bank of Nigeria (CBN) ended foreign exchange (forex) market transactions for the week with USD 303.9 million as it earlier in the week sold USD 210 million to sustain liquidity. CBN has started selling Dollars to protect the Naira on a more regular basis now that the crude …

Emefiele calls for improved access to finance for unbanked

Emefiele, CBN governor The Bankers Committee, an umbrella of the Central Bank of Nigeria (CBN) and the managing directors of banks has been charged to work towards removing  constraints to access to finance for the unbanked. At a retreat for strategic review of critical developments in the financial system, in particular and  the economy, in […]

FX Window Records $1.11bn Transactions in One Week

MARKET INDICATOR By Obinna Chima The level of activities on the Investors and Exporters (I&E) foreign exchange (FX) window strengthened to $1.110 billion in just one week, compared with the $759.2 billion recorded the preceding week. However, the indicative exchange rate for the  I & E window, known as the Nigerian Autonomous Foreign Exchange (NAFEX), which gained on the […]

Feasibility of the power sector recovery plan – II

A few weeks before this year’s annual Nigerian Economic Summit, I was in conversation with an energy reporter from one of Nigeria’s leading dailies. In that dialogue, I mentioned that I did not see a situation in which further reforms in the power sector especially the Power Sector Recovery Plan (PSRP), would yield any results […]

Cost of funds nosedives as CBN halts liquidity mop-up operations

However the naira appreciated in the window last week by 24 kobo, as the indicative exchange rate dropped from N360.65 the previous week to N360.41 last week. Meanwhile, the CBN sustained its weekly intervention in interbank foreign exchange market by injecting N210 million on Tuesday.

Capital market operators seek single licence from CBN, SEC to boost liquidity – Nigeria News Today 2017

Sonnie Ayere, the Group Managing Director, Dunn Loren Merrifield, stated this at the annual workshop of the Capital Market Association of Nigeria in Lagos. The post Capital market operators seek single licence from CBN, SEC to boost liquidity appeared first on The Eagle Online. Go to News SourceAuthor: The Eagle Online My neighbour must hear […]

 dirty Naira Notes And The Public Health Implication

It is not uncommon to see badly torn, terribly squeezed, soiled, cello taped, dirty and mutilated naira notes exchanging hands everywhere in Nigeria. In the banks, markets, parks, places of worship and government offices, our legal tender appears in its most inglorious forms and colours showing different levels of abuse. A country’s currency represents her […]

cbn-warning

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“Stop Spraying Our Currency Disrespectfully In Your Occasions Or Face 6Months Jail Term” CBN Warns Nigerians

The Central Bank of Nigeria has warned Nigerians and other citizens of disrespecting it’s currency in any form. In a recent meeting with a CBN Chief Mr Samuel Shuibu who is the Director Of Currency Operation and others on Friday at cross Rivers State which termed it’s campaign as the CBN fair. The  chairman has […]

CBN Sells $513m Forex Ahead Of Festivities – Gistmaster

By BAYO AMODU, Abuja and Bukola Idowu, Lagos As the yuletide season draws closer, the Central Bank of Nigeria (CBN) in the week ended increased its regular sale of foreign exchange, selling $513.9million dollars within the week. The apex bank in easing forex liquidity had sold $210 million on Monday and another $303.9 million on […]

CBN Tight Monetary Measures Continue to Plummet Inflation

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele Determined to ensure it continues to plunge the consumer price index and reaches its single-digit rate target by 2018, the Central Bank of Nigeria has continued to retain its tight monetary measures to fight  inflation, writes Kunle Aderinokun Efforts by the Central Bank of Nigeria to […]

How FG’s Forex Policy is Boosting Reserves, Local Manufacturing

The CBN had in June 2015 classified 41 items as “Not Valid for Foreign Exchange”, on the grounds that they could be produced in Nigeria and there was no rationale … Clearly, the reliance on imported items had led to a huge demand of forex and significant depreciation of the naira through the years.