A letter from the apex bank to all banks, signed by Haruna Mustafa, CBN’s Director, Banking Supervision Department, dated August 30, 2021 read: “the CBN has received and noted with concern reports of sharp practices by unscrupulous customers to circumvent the new CBN policy on the sale of FOREX for overseas personal and business travels.
Browsing: Forex Market
Firstly, it is important to note that the forex market is the largest market in the world. Here, there are currencies to the value of 5 trillion US Dollars, and more, traded daily
The Central Bank of Nigeria on Friday continued its intervention in the inter-bank foreign exchange market by injecting the sum of $292.34 million into the retail Secondary Market Intervention Sales.
The Central Bank of Nigeria has again injected the sum of $210 million into the inter-bank Foreign Exchange Market to boost liquidity in the sector.
The Central Bank of Nigeria has injected the sum of 210 million dollars into Nigerian Inter-Bank Foreign Exchange market following conclusion of Tuesday’s transactions.
The Nigerian Inter-bank foreign exchange market received another boost of 210 million dollars from the Central Bank of Nigeria after transactions on Tuesday, July 23.
The interbank segment of the Foreign Exchange Market has received a fresh boost of $210 million from the Central Bank of Nigeria following sales concluded on Tuesday.
The Central Bank of Nigeria has summoned all authorised currency dealers for a meeting to discuss development in the foreign exchange market.
The Central Bank of Nigeria has again injected the sum of $210 million into the inter-bank Foreign Exchange Market.
The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria following sales concluded on Tuesday.