CBN moves to boost forex liquidity, improve access to SMEs and retail businesses to forex.
Relying on the introduction of the use of Form X, for the Small and Medium-scale Enterprises (SMEs) seeking to purchase foreign exchange from the Central Bank of Nigeria (CBN), analysts are upbeat that that the policy will grow the activities…
Momentary weakening of Naira shows it cannot be stable by only CBN’s intervention–Expert
Ever since the Central Bank of Nigeria (CBN) started its almost daily intervention in forex liquidity, many pundits have continued to argue that the practice remained cosmetic and may not do the magic of forex stability. The naira weakened to…
CBN begins tightening of liquidity with seven to 30-day maturity Forwards sale
Indications have emerged that the combination of foreign exchange (forex) and Treasury Bills (T-Bills) auctions by the Central Bank of Nigeria (CBN) last week, calmed the quantity of money in circulation making investors to scout for naira to pay for…
