Money Market


CBN Orders Banks to Sell FOREX to BDCs

By InvestAdvocate New York (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) in its effort to stabilise the naira has authorised agent banks approved for international money transfer operators to sell foreign… Read more »

Godwin Emefiele5

Nigeria’s central bank intervenes to stem naira slide – traders

July 22, 2016/Reuters Nigeria’s central bank sold dollars on the interbank currency market on Friday, seeking bids of $5 million each from primary market trader after the naira-dollar rate fell… Read more »


Nigeria naira falls 9.5 pct to hit record low of 330 per dollar

July 22, 2016/Reuters Nigeria’s naira currency hit a record low of 330 per dollar in regular interbank trading on Friday, falling 9.5 percent as traders tested lower levels seeking to… Read more »