Dollars

In an aggressive move to stabilize the naira against the dollar, the Central Bank of Nigeria (CBN) has injected over $300 million into Deposit Money Banks within the past two weeks. This development, revealed in an advisory memo from the…

The Central Bank of Nigeria (CBN) has lifted the forex ban on 43 items and also promised to intervene in the FX market from “time to time”. The apex bank had in 2015 restricted the items from accessing FX from the I&E window, saying…