Tag: FOREX
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CBN Sells $55 million to Banks to Boost FX Supply
CBN Sells $55 million to Banks to Boost FX SupplyWith more than $55 million channelled to banks by the Central Bank (CBN), the naira...
Naira Falls as FX Interventions Fail to Redirect Spot Rate
Naira Falls as FX Interventions Fail to Redirect Spot RateThe naira tumbled against the US dollar across foreign exchange markets on Tuesday despite extended...
Inflows into FX Market Declines by 25% to $1bn
Inflows into FX Market Declines by 25% to $1bnInflows into the Nigerian foreign exchange (FX) market declined by about 25.4% to $1 billion, according...
Naira Appreciates as Foreign Currency Demand Pressures Ease
Naira Appreciates as Foreign Currency Demand Pressures EaseThe naira reclaimed value in the foreign exchange (FX) market as demand for the US dollar eased....
Naira Plummets, External Reserves Dip as CBN Auctioned $300m
Naira Plummets, External Reserves Dip as CBN Auctioned $300mThe naira exchange rate plummeted against the US dollar as importers and companies required higher units...
