Forex Market

Nigeria's local currency, Naira, on Wednesday depreciated by record 0.42 percent to N725 per dollar, the lowest level ever recorded at the country's parallel market. The local currency has suffered accelerated depreciation in the last…

  The prevailing shortfalls in the Nigerian foreign exchange market are hard-hitting on the manufacturing industry which derives most of its raw materials and spare parts needed for operations from outside the country.   While other…

Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of the market. Breakdown of…

Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) on Monday denied the allegations that faceless agents pocket over N32bn annually in profit from the foreign exchange market with the aid of CBN officials. The Apex bank in a…

 Barbara Bako, Abuja. In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) on Tuesday injected another sum of $210 million into the inter-bank foreign exchange market.…

The Central Bank of Nigeria (CBN) Tuesday injected fresh $210 million into the forex market as it continued its intervention in the inter-bank sector. In the forex trading, the apex bank injected the sum of $100 million into the…

In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday injected fresh sum of $210 million in the inter-bank foreign exchange market.  Figures obtained from the CBN indicate that the authorized dealers in the …

Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) on Tuesday injected the sum of $210million into the Inter-bank Foreign Exchange Market. The apex bank did this in its desire to ensure liquidity in the foreign exchange market to…

The Central Bank of Nigeria (CBN) says it has again injected 210 million dollars into the Foreign Exchange (Forex) market in continuation of its intervention in the sector. A statement by Mr Isaac Okorafor, Acting Director, Corporate…