Culled—Proshare February 13, 2018/FBNQuest REsearch  Data published in the CBN’s Economic Report Fourth Quarter 2017 confirm the continuing dramatic improvement in fx liquidity. Our chart shows the quarterly inflows and outflows through the CBN while the commentary in the report covers autonomous (ie non-CBN) movements. The split for total inflows […]

Culled—Proshare 12/2/2018/CBN The inter-bank Foreign Exchange Market has received the sum of $210million from the Central Bank of Nigeria (CBN), to meet customers’ requests in various segments of the market.  In its determination to meet the customers’ needs in the sundry segments of the market, the CBN offered $100million to […]

February 12, 2018/CBN All Authorized Dealers are hereby informed that the charging of commissions on retail foreign exchange transactions such as Business Travel Allowance (BTA), Personal Travel Allowance (PTA), Medical and School Fees have been abolished. Consequently, all Authorized Dealers are advised to note for immediate compliance.