Nigeria:   CBN Closes Forex Windows to Save Naira, Reserves

Independent (Lagos), 19 February 2015

The Central Bank of Nigeria (CBN), on Wednesday, closed the Retail Dutch Auction System (RDAS) and Wholesale Dutch Auction System (WDAS) foreign exchange window. Read more »

Nigeria:   External Reserves Drop to U.S.$32.66 Billion

This Day, 18 February 2015

The Central Bank of Nigeria (CBN) spent $380 million in two days to prop up the ailing naira, after conducting special forex interventions to shore up the local currency, a Reuters… Read more »

Nigeria:   CBN Measure to Save Naira Unconventional, Analysts Say

CAJ News, 17 February 2015

ANALYSTS are not reading much into moves by the Central Bank of Nigeria moves to sell foreign currency outside the Retail Dutch Auction and interbank structures of the foreign… Read more »

Nigeria:   Naira Sells for N211/U.S.$ Amid Further Devaluation Fears

Independent (Lagos), 16 February 2015

Volatility in the foreign exchange market continued at the weekend, with the Naira changing hands at an average price of N211 to the U.S. Dollar fuelled by deepening artificial… Read more »

Nigeria:   CBN May Devalue Naira Again, As Currency Slumps to N213 to Dollar At Parallel Market

Premium Times, 17 February 2015

The Central Bank of Nigeria may be compelled to again take action to halt the continued slump in the value of the Naira, as the national currency on Monday lost N3 to the dollar. Read more »

Nigeria:   CBN Bans Resale of Dollar to Shore Up Naira

This Day, 14 February 2015

Obinna Chima with agency report The Central Bank of Nigeria (CBN) has banned banks from reselling dollars bought at a currency auction to other banks, Reuters quoted some dealers… Read more »