• Contact Us
  • About Us
Tuesday, May 30, 2023
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
Home Economy

CBN to clear backlog of dollar demand for importers

metro by metro
March 2, 2017
in Economy
0
Dollars

Dollars

0
SHARES
0
VIEWS

CBN said on Thursday it will sell dollars via a book-building process to clear a backlog of dollar demand for companies importing machinery, airline equipment and petroleum products.

Companies would be required to pay the naira equivalent for their dollar bids on the spot market on Thursday, while the dollars will be delivered in two months’ time, the central bank told commercial banks.

Read Also

Amendment Of CBN Act By NASS Puts Buhari, Emefiele Under Scrutiny

Monetary Policy During Handover: ‘Green Tie’ Holds Sway, Raises Interest Rate To 22-Yr High Of 18.5%

Analysts Express Concern Over ‘Burdened’ Nigeria, Say Debt Profile Is ‘Matter’ On Investors, Businesses

It did not say how much it would offer at the sale.

The naira was quoted at 315 on the interbank market on Thursday and had traded only $79,000 by 1235 GMT. On the black market the naira was quoted at 455 per dollar.

 

Previous Post

Presidential panel accuses NDDC, Customs of corruption

Next Post

Senate advocates total deregulation of the downstream sector of  Oil and Gas industry

Related Posts

CBN’s Currency Redesign Policy Faces Uncertainty As New Administration Takes Over
Economy

Amendment Of CBN Act By NASS Puts Buhari, Emefiele Under Scrutiny

May 28, 2023
Godwin Emefiele
Economy

Monetary Policy During Handover: ‘Green Tie’ Holds Sway, Raises Interest Rate To 22-Yr High Of 18.5%

May 24, 2023
CBN’s Currency Redesign Policy Faces Uncertainty As New Administration Takes Over
Economy

Analysts Express Concern Over ‘Burdened’ Nigeria, Say Debt Profile Is ‘Matter’ On Investors, Businesses

May 23, 2023
2023 Election: US Condemns Voter intimidation, Suppression, Set To Apply Sanctions, Visa Ban On Culprits
Economy

US Fed Rates Stay Higher For Longer, Debt Drama Goes On

May 17, 2023
Next Post

Senate advocates total deregulation of the downstream sector of  Oil and Gas industry

INEC Declares Bola Ahmed Tinubu President-elect Of Nigeria 

Nigeria’s Tinubu Gets His Turn As President, Familiar Problems Await

May 29, 2023
Biden Says Final US Debt Ceiling Deal Ready For Congress Vote

Biden Says Final US Debt Ceiling Deal Ready For Congress Vote

May 29, 2023
Local Airlines Accuse Ethiopian Airline, Minister Of Court, Regulatory Violations On Nigeria Air

Local Airlines Accuse Ethiopian Airline, Minister Of Court, Regulatory Violations On Nigeria Air

May 28, 2023
ADVERTISEMENT
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version