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Nigeria: Come Buy Forex, We Have Surplus Now, Banks Beg Customers
Vanguard, 13 March 2017
Banks are seeking customers to buy surplus foreign currencies they hold following the flooding of the banks with dollars by the Central Bank of Nigeria (CBN). Read more »
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Nigeria: Central Bank to Pump More Dollars As Naira Keeps Appreciating
Daily Trust, 13 March 2017
The naira traded at 455 to a dollar amid liquidity boost in the Bureau De Change and parallel market segments of the forex market on Friday and Saturday. Read more »
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Nigeria: Excess Forex As Nigeria Floods Banks With Dollars
Vanguard, 13 March 2017
In an effort to support and shore-up the value of Naira, the Central Bank of Nigeria (CBN) has flooded commercial banks with dollars. Read more »
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Nigeria: Why Interest Rate Is High - CBN
Vanguard, 13 March 2017
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, at the Vanguard Personality Awards, last weekend took time to explain why interest rate is still high. Read more »
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Nigeria: CBN Set to Inject More Dollars Into Forex Market
Vanguard, 13 March 2017
Determined to maintain the momentum of strengthening the Naira at the foreign exchange market, there are strong indications that the Central Bank of Nigeria, CBN, will inject more… Read more »
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Nigeria: Banks Seek Forex Buyers As CBN Continues to Flood Market
Premium Times, 12 March 2017
The new strategy of the Central Bank of Nigeria, CBN, to meet all legal demand for foreign exchange, Forex, has led Money Deposit Banks to contend with expending all the dollars in… Read more »
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Nigeria: Forex - CBN to Inject More Funds
Vanguard, 12 March 2017
There are strong indications that the Central Bank of Nigeria (CBN) is unrelenting in its move to ensure liquidity in the interbank foreign exchange (Forex) market, as it will… Read more »