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Economy’s Track For The Nigerian Foreign Exchange Market |

Economy’s Track For The Nigerian Foreign Exchange Market — Mar 25, 2017 3:39 am | By Aminu Umar ShekaIn it is efforts to ensure smooth flows of foreign exchange currencies in the country, Government as an engine room for economic growth and development, various institutions must be mobilize in order to stabilize the […]

Dealer’s afraid dollar will crash as CBN pumps another $100m to FOREX Market.

The Central Bank of Nigeria (CBN) on Thursday, March 23, 2017 offered the sum of $100 million to meet the requests of wholesale customers, out of which $91 million was taken. This has resulted in greater apprehension among dealers who anticipate a further crash of the dollar in the FOREX market. Confirming the offer, the […]

Reps Tell CBN To Withdraw Bad Naira Notes

The House of Representatives urged the Central Bank of Nigeria, CBN, to withdraw and destroy bad naira notes in the economy. The lawmakers called the bad currency notes a national embarrassment, Segun Adekola Alexander , (PDP, Ekiti), who sponsored the motion on the issue, also urged the Committee on Banking and Currency to investigate an […]

Rush for dollar drops as CBN records $19m surplus

The demand for dollar by banks is now dropping across the country. For the first time since the dollar scarcity started, the Central Bank of Nigeria (CBN) on Friday recorded $19 million surplus after it intervened in the interbank market. The development occurred after the CBN pumped $100 million into the interbank to meet demands […]

Withdraw mutilated currency notes in circulation, Reps urge CBN – Rockcity 101.9 FM

House of Representatives has asked the Central Bank of Nigeria (CBN) to urgently withdraw all the mutilated Naira notes in circulation. The House adopted the resolution, following a motion raised by Adekola Alexander, who expressed concern over the increasing rate of mutilated naira notes in the system The banks, according to the lawmaker, are now […]

FOREX : Dealers Unable To Pick $100m Offered By CBN – Business

FOREX : Dealers Unable To Pick $100m Offered By CBN by Rocketmaster(f): 10:47pm On Mar 24 The Central Bank of Nigeria (CBN) on Friday offered fresh 100 million dollars at the interbank market to meet customers’ demands.However, the News Agency of Nigeria reports that the dealers were only able to pick about 81.35 million dollars.The […]

Comment on Rush for dollar drops as CBN records $19m surplus by vic

MATTERS OF THE MOMENT: RE: BRAVO, WELL DONE GOVERNOR GODWIN EMEFIELE. I ADMIRE YOU IN YOUR EFFORTS TO STRENGTHEN THE NAIRA. WELL DONE GODWIN EMEFIELE, KEEP UP THE HEAT ON THESE FOREX FRAUDSTERS AND CURRENCY SPECULATORS TO TEACH THEM A LESSON OF THEIR LIVES. DO NOT FIX NAIRA RATE TO DOLLAR AT N307 BECAUSE THAT […]

Dealers Pick $81.3m Out Of $100m Offered By CBN – InvestAdvocate

Culled—Proshare March 24, 2017/CBN Following Thursday’s FOREX wholesale auction, the Central Bank of Nigeria (CBN) on Friday, March 24, 2017, concluded transactions on the sum of $100 million earlier offered at the interbank market to meet customers’ demands, out of which authorized dealers were only able to pick $81.347 million after an initial bid for […]

Rate disparity: BDC operators to incur N130m loss

Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, has said the Central Bank of Nigeria-licensed BDCs would incur regulatory losses of N130 million.Gwadabe told the News Agency of Nigeria on Friday in Lagos that the losses were coming from the CBN’s disparity in applicable exchange rates among players in […]

Naira Now N380 Dollar, Pound N450 in Black-Market

Naira against dollar Naira Now 380 Dollar, Pound N450 in BlackMarketThe values of foreign currencies have continued to diminish against the Naira as the Nigerian currency was traded at N380 to the US Dollar and N450 to the Pound Sterling at the parallel market on Friday in Abuja. The Economic Confidential gathered that as the […]

Forex dealers suffer heavy loses as Naira surges

Many bundle of US 100 dollars bank notes The Central Bank of Nigeria (CBN) on Friday offered fresh $100 million at the interbank market to meet customers’ demands, but the dealers were only able to pick about $81.35 million. The Acting Director, Corporate Communications, CBN, Isaac Okorafor, in a statement, attributed the inability of authorised […]

FOREX intervention: Dealers unable to pick entire $100m offered by CBN

The Central Bank of Nigeria (CBN) on Friday offered fresh 100 million dollars at the interbank market to meet customers’ demands. However, newsmen report that the dealers were only able to pick about 81.35 million dollars. The Acting Director, Corporate Communications, CBN, Mr Isaac Okorafor, in a statement, attributed the inability of authorised dealers to […]

Dollar to Naira black market rate today Friday, 24/03/2017

The Dollar to Naira rate stood at N385/N395 to $1 in the parallel forex market. The Nigerian naira has continued to gain ground on the US dollars as speculated by the Governor of the Apex bank, the central bank of Nigeria. Trading at the start of the week stood at N440/N448 to a US dollar. […]

Sen. Uzodinma applauds CBN s bullish intervention

Sen. Hope Uzodinma has commended the Central Bank of Nigeria (CBN) for the efforts it invested in strengthening the nairaThe post Naira appreciation: Sen. Uzodinma applauds CBN s bullish intervention appeared first on Vanguard News. Read on the original site