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CBN lifts ban on dollar deposit transfers
19-01-2016 | 11:43:00
Commercial banks are back in the business of foreign currency (dollar) transfer after the Central Bank (CBN) lifted restrictions on such transactions. The banks can now transfer foreign currency in customers’ domiciliary accounts to their local and international business partners subject to a daily cumulative limit of $10,000.
Naira sustains stability at interbank as MPC takes decision today
22-09-2015 | 11:03:00
Naira on Monday sustained stability against the dollar, closing at N199.05k/$ at the interbank foreign exchange as dealers and analysts await the decision of the Monetary Policy Committee (MPC) today.
CBN injects dollars into Nigeria’s economy
21-09-2015 | 12:59:00
Central Bank of Nigeria (CBN) has injected dollars into the market on Friday after a lull in foreign exchange trade for a few days, the managing director of the market regulator said on Saturday.