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Tag Archives: naira

CBN disburses $240 million forex to BDCs, others today

The Central Bank of Nigeria (CBN) resumes this week’s foreign exchange market intervention today with a disbursement of $240 million. Of the sum, $90 million is for invisibles – business/personal travel allowances, medical, school fees, among others, while $150 million goes to interbank wholesale auction window targeted at real sector …

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‎CBN sets to devalue Naira,floats currency 

The  Central Bank of Nigeria (CBN) has said it will allow the naira exchange rate to be market-driven, setting the stage for a devaluation of the currency when the new system comes into effect June 20. CBN said it will select a group of around 10 primary dealers through which …

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