Why Naira is appreciating massively against Dollar …C0NTINUE READING HERE >>> The Nigerian Naira appreciated substantially at both the official and parallel foreign exchange markets on Friday, ending the week on a positive note. Data from the Central Bank of Nigeria (CBN) revealed that the Naira strengthened to N1,535 per dollar on Friday, improving from … Read more
Why we implemented EFEMS – CBN Gov, Cardoso …C0NTINUE READING HERE >>> Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, says the apex bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is to ensure trust. According to a statement by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, … Read more
CBN sells $543m to banks to check market volatility …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between September 6 and September 30. According to a statement issued by Omolara Duke, the Director, Financial Markets Department of the CBN, the transaction was through … Read more