CBN I&E forex window attracts $4bn in three months
By CNBC
11 August 2017 |
3:00 pm
Nigeria's importers and exporters foreign exchange window introduced by the Central Bank of Nigeria about four months ago has attracted four billion dollars from foreign investors since April.
In this article
Related
5 Apr 2017
The Central Bank of Nigeria plans to offer dollar forwards to be delivered within two months, in a bid to offset the backlog of matured forex obligations to fuel importers, manufacturers and airlines.
3 May 2017
The Nigeria Economic Summit Group has been working to support the government's policy response to the foreign exchange crisis and its negative impact on manufacturing and other economic activities.
16 Feb 2018
According to the Nigeria's Debt Management Office's annual report, the country plans to use $483 million to service its foreign debts for the next ten years and will start making repayments from next year.
9 Aug 2017
The Central Bank of Nigeria has continued to inject foreign exchange into the markets.
31 Mar 2018
Bloomberg's Sarah Frier reports on potential FTC fines for Facebook for a possible breach a 2011 consent agreement to safeguard users’ personal information.
7 Apr 2018
Nigerians are obsessed with the foreign exchange rate - Dawodu.
25 Oct 2018
Beyoncé and JAY-Z earned a quarter of a Billion Dollars on tour ‘Billboard’ reported that the Carters’ joint ‘On the Run II Tour’ made a whopping $253.5 million.
14 Mar 2019
Starting in 2014, members of the country's elite and public officials embezzled more than $1 billion from Venezuela's state-owned oil company. The scheme exploited the country's foreign exchange system.
25 Nov 2019
Dennis Olisa, Executive Director at Zenith Bank says one way Nigeria can expand its foreign exchange base is to ensure that export is reinvigorated. He joined CNBC Africa’s Wole Famurewa to discuss this and more on the side-lines of the bank's international trade seminar.
1 Jan 2020
Lebanese activists target banks in the capital Beirut amid a grinding liquidity crunch that has hit Lebanon, where unprecedented protests since October 17 have railed against the political class and a deepening economic crisis. Since September, banks have restricted the amount of dollars that can be withdrawn or transferred abroad.
31 Mar 2020
Traders say they expect activity at the bond market to pick up today, on the back of the unmet bids at Wednesday's bond auction as well as the improvement in liquidity. Oluwatosin Ayanfalu, Fixed Income Broker at Zedcrest Capital joins CNBC Africa to review today’s trading at Nigeria’s fixed Income and Forex market.
3 Sep 2020
In a circular, the Central Bank of Nigeria directed that Form M for Letters of Credit, Bills for Collection and other forms of payment should only be opened in favour of the ultimate supplier of the product or service. Reacting to this directive, the Lagos Chamber of Commerce and Industry says while the policy attempts to curb abuses in the foreign exchange market, it would create more problems than it would solve. Muda Yusuf, Director-General of the LCCI joins CNBC Africa’s Christy Cole for this conversation.
Latest
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Thursday.
1 day ago
The number of wild mountain gorillas, who are at risk from humans, is increasing for the first time in years. This is thanks to the efforts of conservationists like Uganda's first-ever wildlife veterinarian, Gladys Kalema-Zikusoka, who says they are truly gentle giants. There are just over a thousand mountain gorillas left, mostly high in the mountains in Uganda, Rwanda and the Democratic Republic of Congo. Kalema-Zikusoka has also written a book, "Walking with Gorillas", charting her life from young enthusiast to wildlife campaigner.
1 day ago
Brazilian nurses make more money working in Germany, but are afforded less responsibility and recognition than at home. Three women spoke with DW about their experiences.
1 day ago
Critics of Laos' repressive one-party state, both in the country and in exile in Thailand, have been targeted in a recent series of arrests and attacks.
1 day ago
Civilians living downstream of the dam have been urged to evacuate in the face of catastrophic flooding.