Tuesday, November 20, 2018
Tags Posts tagged with "Forex Exchange"

Tag: Forex Exchange

CBN uses $9bn to defend Naira in 7 months

  Over the past seven months, the Central Bank of Nigeria had intervened in the FX market to the tune of $8,908,860,000 to help stabilize...

Naira loses stem, drops against Dollar at parallel market

By Odunewu Segun The naira depreciated against the United States dollar at the parallel market on Tuesday to 370, down from 368/dollar on Monday. The...

Experts predict further rise of Naira against Dollar

By Odunewu Segun Financial experts have predicted further rise in the value of the naira against the dollar this week as the inter-bank forex market...

New forex policy will attract portfolio Investors – Expert

A financial expert, Uche Uwaleke, says the new foreign exchange window created for investors will encourage return of portfolio investors to the capital market. Uwaleke,...

UBA lauds CBN on FX intervention, post N22.4bn profit

The United Bank for Africa (UBA) says that its profit increased by 41% year-on-year profit before tax in the first quarter of 2017. A statement...

Experts call for a market-driven forex market

By Odunewu Segun Financial analysts have expressed their reservations over naira’s artificial value boosted by Central Bank of Nigeria’s forex interventions, arguing that foreign investments...

Forex: Terminal operators face financial crisis as earnings deteriorate

The foreign exchange challenges facing Nigeria has greatly affects terminal operators since a large part of their capex (capital expenditure) and operational costs are...

CBN moves to boost Forex supply to BDCs

By Chioma Obinagwam  In continuation of its determination to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has disclosed that...

Naira weakens further as CBN set to announce new rate

The naira which has firmed 17 per cent since last month due to Central Bank of Nigeria’s dollar sales on the official market, eased...

Forex sales, TBs rattle interbank money market

Banks deposit drop by N1trn The interbank money market suffered bouts of intense scarcity of funds which sent up cost of funds to the roof...
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