CBN Opens Special Forex Window For SMEs
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CBN Opens Special Forex Window For SMEs

Farouq Mohammed - 2 weeks ago

The Central Bank of Nigeria (CBN) has opened a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items.…

Naira Appreciates Against Dollar at Parallel Market After One-week Depreciation
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Naira Appreciates Against Dollar at Parallel Market After One-week Depreciation

Farouq Mohammed - 3 weeks ago

The Naira on Tuesday appreciated against the dollar at the parallel market after a sustained one-week depreciation, the News Agency of Nigeria (NAN) reports.   The Nigerian…

CBN Pumps Additional $240m to Boost Forex Liquidity
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CBN Pumps Additional $240m to Boost Forex Liquidity

Farouq Mohammed - 4 weeks ago

The Central Bank of Nigeria (CBN) on Monday continued boosting the country‚Äôs foreign exchange liquidity with 240 million dollars, part of which 150 million dollars will go…

BDC Operators to Sell N360 Per $1
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BDC Operators to Sell N360 Per $1

Farouq Mohammed - 1 month ago

The Central Bank of Nigeria (CBN) has reviewed down the rate at which it was selling dollars to Bureau De Change (BDC) operators nationwide.   Alhaji Aminu…

Parallel Market: Naira Gains 1.1%, Trades at 450 Per Dollar
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Parallel Market: Naira Gains 1.1%, Trades at 450 Per Dollar

Farouq Mohammed - 1 month ago

Nigerian naira on Friday ended weekly trading with 1.1 per cent gain at the parallel market to 450 per dollar as Central Bank of Nigeria, CBN intervened…

CBN Releases Fresh $195m to Boost Forex Supply
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CBN Releases Fresh $195m to Boost Forex Supply

Farouq Mohammed - 1 month ago

The Central Bank of Nigeria on Tuesday released fresh $195m into the foreign exchange market as part of its wholesale intervention to ensure liquidity in that segment…

Naira Closes at 459 Per Dollar at Parallel Market
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Naira Closes at 459 Per Dollar at Parallel Market

Farouq Mohammed - 1 month ago

The local currency, the naira on Monday gained a point to close at 459 per US dollar against 460 traded over the weekend at the parallel market,…

Nigeria’s Inflation Rate Falls For the First Time In 15 Months
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Nigeria’s Inflation Rate Falls For the First Time In 15 Months

Farouq Mohammed - 1 month ago

The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation rate with the index dropping from 18.72 per cent in January to…