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Naira Drops As CBN Announces New FX Policy

No Comments   593 Views | by Liz Ajala

The Central Bank of Nigeria (CBN) on Monday announced its first policy actions in the Foreign Exchange (FX) market. Read More…

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21 Feb , 2017 6:09 am     Business

Breaking news, Editors choice, Forex

Business

Excess Forex demand weighs down Naira

No Comments   272 Views | by Liz Ajala

PressuresĀ on the external sector seem persisting as outstanding foreign exchange demand on Forwards Contracts is now put at about USD4 billion despite several auctions by the Central Bank of Nigeria, CBN, to bring it down. Read More…

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6 Feb , 2017 7:08 am     Business

CBN, Forex

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