Sunday, January 23, 2022
MARKET UPDATE

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Tag "FX"

Buhari to manufacturers: We’ll improve access to FX for importation of raw material

    Buhari to manufacturers: We’ll improve access to FX for importation of raw material

The federal government says it will improve access to foreign exchange for the importation of raw materials and machines unavailable locally. President Muhammadu Buhari said this in Abuja on Wednesday

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Desist from forex malpractices or face suspension, CBN warns banks

The Central Bank of Nigeria (CBN) has warned that banks involved in any form of foreign exchange (FX) malpractice risk their FX operational licence being suspended for at least one

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CBN to prosecute bank customers who present fake travel documents for FX request

    CBN to prosecute bank customers who present fake travel documents for FX request

Bank customers who present fake travel documents for foreign exchange (FX) requests are at risk of criminal prosecution by the Central Bank of Nigeria (CBN). The United Bank for Africa

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CBN threatens to revoke licences of microfinance banks engaging in FX transactions

    CBN threatens to revoke licences of microfinance banks engaging in FX transactions

The Central Bank of Nigeria (CBN) has threatened to revoke licences of microfinance banks dealing in foreign exchange (FX) transactions. The apex bank issued the warning in a circular signed

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BDC operators: CBN’s decision to halt FX sales doesn’t hinder us from providing service

  BDC operators: CBN’s decision to halt FX sales doesn’t hinder us from providing service

The Association of Bureaux De Change Operators of Nigeria (ABCON) says a recent decision by the Central Bank of Nigeria

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Naira rates converging at parallel, official markets as CBN pumps fresh $413.5m

  Naira rates converging at parallel, official markets as CBN pumps fresh $413.5m

The rates of the Nigerian naira at the parallel market is gradually closing in on the official rates set by

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Despite surge in forex reserves, naira closes week at 405/$1

  Despite surge in forex reserves, naira closes week at 405/$1

The Nigerian naira closed trading for the first week in April 2017 at 405 to the greenback at the parallel

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CBN pumps $100m into FX market as reserves rise again

  CBN pumps $100m into FX market as reserves rise again

The Central Bank of Nigeria (CBN) offered the sum of $100 million to authorized dealers at the forex auction in

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IMF wants naira to trade between 335/366 as FX inflow falls from $39bn to $14bn

  IMF wants naira to trade between 335/366 as FX inflow falls from $39bn to $14bn

The International Monetary Fund (IMF) is favourably disposed to the position of Bismarck Rewane, CEO of Financial Derivatives, that the

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CBN injects $240m into FX market, to credit BDCs weekly

  CBN injects $240m into FX market, to credit BDCs weekly

The Central Bank of Nigeria (CBN) on Monday flooded the foreign exchange market with $240 million to meet effective demand.

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