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Tag "Inter bank forex market"

CBN sustains naira with $195m forex intervention

    CBN sustains naira with $195m forex intervention

The Central Bank of Nigeria (CBN) on Monday boosted the inter-bank foreign exchange market with an additional $195m, even as the naira maintains stability. Exchanging at an average of N360

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Forex reserves fall, interbank lending rate rises

    Forex reserves fall, interbank lending rate rises

Nigeria’s foreign exchange reserves declined by 2.62% month-on-month to $37.14bn by May 27, from $38.14bn recorded in April. This was contained in the latest data from the Central Bank of

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