Nigeria central bank floods forex market with dollars
Nigeria's Central Bank continues to flood the foreign exchange market with dollars. Yesterday the apex bank sold 483 million dollars to improve dollar liquidity.
Naira firms up against dollar at parallel market
The naira firmed 2.6 percent on the parallel market to 385 to the U.S dollar on Thursday, as the Central Bank of Nigeria increased dollar supply to a bureau de change operators.
CBN to sell dollars to fuel importers, airlines
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.
CBN to announce new rate for BDCs
The Central Bank of Nigeria says it will announce a new rate for retail exchange bureaus today and start bi-weekly currency dollar sales to the BDCs this week.
Naira extends gains on parallel market
Nigeria's currency, the naira continues to strengthen in the parallel market trading at 445 to the dollar as the central bank continues its intervention in the official foreign exchange market.
Nigeria's aviation sector hits turbulence
The aviation sector in Nigeria has been confronted with several challenges in the last two years. For a sector that is heavily dependent on foreign exchange, the scarcity of the dollar poses a huge challenge to airline operations.
CBN to meet bureau de change operators on forex stability
Nigeria's Central Bank plans to meet bureau de change operators today to explore ways to eliminate the gap between the official and parallel market dollar rates.
Will 2017 be another year of dollar dominance?
Koon How Heng, Credit Suisse senior FX strategist, discusses the outlook for currencies in 2017 with Bloomberg's Betty Liu and Shery Ahn on 'Bloomberg Daybreak: Asia.'