The naira declined against the United States dollar on the inter-bank market, reaching a two-month low and capping the worst week in 12, as foreign inflows and oil company foreign-exchange sales were said to be limited. The local currency retreated 0.3 per cent to N158.525 a dollar, the lowest closing […]
Tag: Central Bank of Nigeria
Naira Falls across Market Segments on Strong Dollar Demand
The value of the naira dipped against the United States dollar at the three segments of the forex market Monday due to strong demand for the greenback. In fact, an intervention by the Central Bank of Nigeria (CBN), which increased dollar supply at its regulated Wholesale Dutch Auction System (WDAS) […]
CBN reviews airline intervention fund guidelines
The Central Bank of Nigeria on Thursday issued a revised guideline for accessing the Federal Government’s N300bn Power and Airline Intervention Fund. The bank, in a circular posted on its website, said, “In a bid to catalyse financing of the real sector of the Nigerian economy, the CBN has, in […]
