By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s foreign exchange (FOREX) inflow through its central bank for November 2013 fell by 1.6 percent (1.6%) compared to the previous month, the economic report November 2013 released by the central bank of Nigeria (CBN) said. The report said forex inflow and outflow in the […]
Tag: FOREX
Nigeria c.bank tightens rules for currency dealers to support naira
* Central bank to require dealers to park naira at c.bank before currency auctions * Naira has fallen 2.9 percent so far this year * Dealers say latest move unlikely to halt slide in local currency * Central bank has been selling $800 mln weekly at forex auctions Nigeria’s central […]
Nigeria central bank cracks down on money laundering
* Forex dealers to be monitored more closely * Money laundering putting pressure on naira currency * Political corruption partly responsible – central bank Nigeria’s central bank has announced new measures to tackle money laundering it says is weakening the naira currency and risks pushing up inflation, and […]
