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CBN Predicts Stability in FX as External Reserves Hit $43bn - THISDAYLIVEBankers’ committee considers single-digit credit for creative industry James Emejo in Abuja The Central Bank of Nigeria (CBN) Thursday said it expected further stability in the foreign exchange market in 2019, banking on the decision of the US Federal Reserve not to hike interest rate in the near future. The apex bank added that the …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Firm develops app for FX trade, targets 2,000 BDCs – Daily TrustA marketing and logistics company, Daitrans Logistics Services Limited, says it has developed an android app, N9raforex, that will open a new era for Bureau de Change (BDC) customers and the digital economy in Nigeria. The managing director of the company, Henry Uzodinma, said N9raforex was a real time price discovery that would allow various …
Source: Daily Trust - 🏆 13. / 51 Read more »
CBN Intervenes in FX Market - THISDAYLIVEThe Central Bank of Nigeria (CBN) last Friday made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the foreign exchange market totaling $271.83 million and CNY 41.14million. Director, Corporate Communications at the Bank, Mr. Isaac Okorafor, also confirmed that the sum of CNY41.14 million was for payment of Renminbi-denominated Letters of Credit for …
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CBN Sustains FX Intervention with Fresh $210m - THISDAYLIVENume Ekeghe The interbank segment of the foreign exchange market has received a boost of $210 million from the Central Bank of Nigeria (CBN), following sales concluded yesterday. According to figures obtained from the Bank, authorised dealers in the wholesale segment of the market were offered the sum of $100 million. Similarly, the Small and …
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