CBN injects $195m into foreign exchange market
The bank says it will continue to ensure adherence to its forex policy.
The bank says it will continue to ensure adherence to its forex policy.
The Central Bank did not specify the amount of dollars to be sold.
Nigeria's inflation slowed for a third month in April, put at 17.2 percent.
The Naira closed at N394 to a dollar on Friday.
The Nigerian currency also traded at N305.8 to the dollar at the interbank window.
The lawmakers want to know how scarce forex were disbursed.
“The CBN does not fix FX rates for transactions by individuals or companies."
Licensed BDC operators bought $250 million on Thursday.
The rate remains volatile at the parallel market amid government clampdown.
Dozens of money changers have since Wednesday been arrested by officials of the State Security Service, SSS, in Lagos and ...
The Nigerian currency gained N5 in Lagos to exchange at N460 to a dollar.
The currency gained 9.97 points to exchange at N310.24 from N320.21 it recorded on Tuesday.
The naira also closed at N445, N559 and N484 to the dollar, Pound Sterling and the Euro at the parallel ...
At the parallel market, the Nigerian currency gained one point to exchange at N435.
The banks were barred last week for refusing to remit billions of dollars to the TSA.
Traders at the market are hope the naira will rebound in the coming weeks.
The Nigerian currency exchanged at N380 to the dollar, from the N378 it traded on Friday.
The backlog is estimated at four billion dollars.
The economy contracted to about 0.36 per cent in the first quarter of 2016.
Naira trades N450 and N360 for pound sterling and the Euro respectively at the day’s transaction.
The official interbank rate remains at N197 for the dollar.
Mr. Dangote urges local businesses to source raw materials locally so they would depend less on foreign exchange.
No agreement on final position on restriction to education, health
BDCs would source from foreign exchange from independent sources.
The Lagos chamber of commerce and industry suggests ways the government can respond to the financial crunch.
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