CBN set to inject additional $240 million forex to BDCs, others this week
The Central Bank of Nigeria (CBN) will from today, Tuesday, continue its ongoing foreign exchange market intervention. The bank is expected to disburse $240 million to commercial banks and operators of Bureau D Change (BDC). Details of the disbursement show…
Banks abusing CBN’s forex guidelines in trouble as apex bank plans examination visit
Out of fears and suspicion of infractions by some commercial banks in the disbursement of forex allocations, the Central Bank of Nigeria (CBN) will this week send examiners to banks for an oversight function on the administration of all dollar…
Again and again, CBN injects additional $100m Tuesday, making $1.14bn in 2 weeks
Like the proverbial drops of water that makes the ocean, the Central Bank of Nigeria on Tuesday dropped another sum of $100m into the interbank foreign exchange market. Tuesday injection totals the amount so far pumped into the interbank Forex…
