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About 846 results for "central bank of nigeria"

Nigeria Sells FX Boosting Liquidity
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UPDATE 1-Nigeria naira holds flat as central bank sells dollars

(Adds comment from cbank, naira closing level) LAGOS, June 24 (Reuters) - Nigeria's naira held steady at the close of trading on Friday as the central bank intervened for a fifth straight day with dollar sales to ease liquidity after it ... Reuters Africa, 2 days ago

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SweetCrude Reports, 1 day ago
This Day Online, 1 week ago
NigeriaCommunicationsWeek, 1 week ago
Vanguard, 1 week ago
Reporters365, 1 week ago
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People Daily, 1 week ago
Reuters UK, 1 week ago
Vanguard, 2 weeks ago
United News of India

Nigeria to abandon naira peg in favour of open market trading

Nigeria's central bank previously pegged the naira at 197 to the US dollar but the currency trades at about half that on the black market as slump in oil revenues has hammered public finances and foreign currency reserves. The new trading rules begin on ...
 Money Control1 week ago Customers flood banks with forex bids  Nigerian Tribune1 week ago Nigerian banks ask customers to submit bids ahead of naira float  United News of India1 week ago Banks ask customers to submit bids ahead of naira float (Nigeria)  Asoko Insight6 days ago

Naira records first gain after forex floats on Central Bank of Nigeria intervention

The naira yesterday recorded its first gain against the dollar after the Central Bank of Nigeria (CBN) intervened with an undisclosed amount at the inter-bank market. The naira yesterday strengthened against the dollar by N2.03k closing at ...
 Asoko Insight2 days ago Nigeria naira ends with first daily gain since peg ditched  Reuters Africa4 days ago

Naira Gains as Nigeria's Central Bank Boosts Dollar Supplies

Nigeria's naira strengthened against the dollar, heading for its first gain since starting to trade without a peg three days ago, as the central bank sought to stabilize the market by selling dollars. The naira rose 0.7 percent to 282.5 per dollar ...
 Bloomberg4 days ago
Huffington Post

Nigeria's Floating (Read: Sinking) Naira

On Monday afternoon, the Central Bank of Nigeria (CBN) ended the Nigerian naira's sixteen-month peg to the U.S. dollar, sending the naira into a freefall. The currency had been pegged at 197 naira per dollar, but as the chart below shows, it had ...
 Huffington Post4 days ago
Deutsche Welle

How Nigeria dollar move punctured Bajaj Auto's exportdrive

Nigeria's central bank plans to abandon the dollar peg by 20 June, currently set at 199 naira/USD, and to allow the naira to trade freely. The peg was set in February 2015, after the sharp drop in oil prices hit the domestic economy. Currently, the ...
 Yahoo! India6 days ago In Nigeria: Naira tumbles 23 percent after currency peg ends  Pulse.ng6 days ago Value of naira plummets after Nigeria ends dollar peg  Deutsche Welle6 days ago Nigeria finally drops dollar peg but will this revive the country's fortunes? - City A.M.  Naija Daily Wire1 week ago

Nigeria's Naira Falls Even as Central Bank Sells $100 Million

Nigeria's naira extended declines for a third day of trading without a peg, even after the nation's central bank said it was confident it had cleared a backlog of foreign-currency demand. The naira fell 0.5 percent to 286 per dollar by 8:40 a.m. in ...
 Bloomberg5 days ago

Nigeria dollar bonds jump to multi-month highs on new FX regime

LONDON, June 21 (Reuters) - Nigeria's dollar-denominated bonds rose as much as half a cent on Tuesday, a day after the central bank abandoned its currency peg in an effort to ease chronic foreign currency shortages. The 2021 issue gained ...
 Reuters Africa5 days ago
MSN South Africa

21/06/2016: BUSINESS REPORT: Naira weakens as Nigeria's bank allows it to float free

NIGERIAS naira weakened 22 percent to 253.50 (R19.10) a dollar after the central bank allowed it to float freely yesterday.Demand for foreign currency built up to about $3 billion since capital controls were imposed 15 months ago to
 Cape Times E-dition6 days ago Nigeria's naira tanks 27% on float this morning  Nigeriaworld5 days ago Nigeria's naira sinks in free float  Times of India6 days ago Nigeria's naira plunges in free float  Yahoo! Singapore6 days ago

Nigeria's central bank says will clear backlog of currency demand through forward trades

LAGOS, June 20 (Reuters) - Nigeria's central bank will clear a backlog of hard currency through currency forwards and spot trades on the interbank market, a spokesman said on Monday, after floating the naira. "The central bank has resolved ...
 Reuters Africa6 days ago Central Bank of Nigeria to clear backlog of forex demand  Reporters3656 days ago Nigerias central bank says will clear backlog of currency demand through forward trades  Reuters UK6 days ago Nigeria: Central Bank to Clear Backlog of Forex Demand  AllAfrica.com6 days ago
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