Nigerian Foreign Exchange Market

The naira has maintained relative stability in the foreign exchange (FX) market as the Central Bank of Nigeria (CBN) dollar inflow fluctuates in the market. Nigeria’s gross external reserves declined by eight per cent year-to-date to…

The Central Bank of Nigeria (CBN) has sold a cumulative amount of $148m to authorised dealers in the Nigerian Foreign Exchange Market (NFEM), to provide liquidity to the foreign exchange market. The transactions were conducted on July 22…