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.

The central bank of Nigeria sold an undisclosed amount of dollars today to settle a backlog of foreign exchange demand for airlines, fuel and raw material imports.

The interventions by the Central Bank of Nigeria continue in the country's foreign market with the apex bank recently selling 280 million dollars across the markets to meet dollar demand.

Interventions by the Central Bank of Nigeria continued with a fresh injection of 280 million dollars across the markets to meet dollar demand.

Nigeria is planning a new tax scheme that is expected to increase the country's tax to GDP ratio to 15 percent from 6 percent and aims to generate an estimated one billion dollars in the next three years.

The Central Bank of Nigeria has pledged to defend its current foreign exchange policy and the apex bank pumped a fresh 240 million dollars in the forex market on Monday.

Nigeria's bourse closed negative on Monday, as investors took profit from a number of counters. Meanwhile, the Central Bank of Nigeria on Monday disbursed a total of 240 million dollars to retail end-users and authorised forex dealers.

More than 50,000 camels participate in the country's month-long annual King Abdulaziz camel festival with this year's prize money equivalent to $31 million dollars.

The Central Bank of Nigeria pumped an additional 350 million dollars into the foreign exchange market over the weekend as part of its plan to sustain the positive momentum.

At the launch of the Afrinvest Nigeria banking sector report, the Emir of Kano and former governor of the CBN, Muhammadu Sanusi II spoke about the recent move by the Central Bank of Nigeria to hold rates.