Home Companies&Markets CBN to boost FX sale after naira eased on black market

CBN to boost FX sale after naira eased on black market

By
Editor
-
630
0
Access Pensions, Future Shaping

LAGOS, NOVEMBER 30, 2018 – The Nigerian central bank plans to boost its dollar sales to exchange bureaus, it said on Friday, after the currency weakened sharply on the black market previous session.

The bank said it will introduce a special forex intervention to meet demand from individuals with dollar expenses after the naira hit 370 to the dollar on the black market on Thursday

Related posts:

  1. CBN sustains forex intervention with $210m injection
  2. FX loss drags Nestle Nigeria’s 2020FY earnings, grows revenue by 2.3% y/y in Q4-20
  3. Markets Wrap: Bears fed on stocks again sending NGX benchmark index down 1.8% to 42,463.16 points, Bonds and T-Bills market close flat
  4. Markets Wrap| Equities bounce 2bps after a days of losses, overnight lending rate down 16.3%, bonds trade mixed, with bullish tilt
Access Pensions, Future Shaping

RELATED ARTICLESMORE FROM AUTHOR

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments