Tag: Financial Market dealers Association

Naira drops on reduced dollar supply

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 […]

WDAS: CBN sold $10.18bn in first-half 2012 – Report

The Central Bank of Nigeria sold a total of $10.18bn at the Wholesale Dutch Auction System in the first half of this year, a report has revealed. The report, which was presented by the Executive Secretary and Chief Executive Officer, Financial Market Dealers Association, Mr. Wale Abe, at a round-table […]