Tag: Central Bank of Nigeria

  • CBN pumps $210m to boost Forex Market

    CBN pumps $210m to boost Forex Market

    By Joseph INOKOTONG The inter-bank Foreign Exchange Market has received the sum of $210 million from the Central Bank of Nigeria (CBN), to meet customers’ requests in various segments of the market. Figures obtained from the Bank on Monday, shows that in its determination to meet the customers’ needs in the sundry segments of the…

  • $210m Injected into currency market – CBN

    $210m Injected into currency market – CBN

    By Aaron Ossai A whooping $210 million has been injected into the interbank foreign exchange, the Central Bank of Nigeria, CBN has said. The apex bank in a statement said the measure was part of its efforts to boost liquidity and alleviate dollar shortages. The statement also disclosed that the bank had released 100 million…

  • CBN lists FX gains restriction on 41 Items  …projects foreign reserve to hit $40bn

    CBN lists FX gains restriction on 41 Items …projects foreign reserve to hit $40bn

        The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele     By Joseph INOKOTONG The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says the dogged implementation of the Bank’s policy, which restricts importers of certain items access to foreign exchange from the Nigerian Forex market, has led to improvements in the domestic…