• Contact Us
  • About Us
Wednesday, June 25, 2025
  • 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
ADVERTISEMENT
Home Economy

CBN offers $100 mln in currency forwards

metro by metro
April 6, 2017
in Economy
0
0
SHARES
0
VIEWS

CBN offered $100 million in currency forwards on Thursday, to be settled within 60 days, the bank said in a statement.

The bank has been selling dollars to try to narrow the spread between the naira’s official and black market exchange rates.

Read Also

Shares Slip, Oil Prices Rise As Investors Weigh Iran Risks

Investors Brace For Oil Price Spike, Rush To Havens After US Bombs Iran Nuclear Sites

Trump Says May Change Mind About Firing Fed Chair, Powell

The currency was quoted at 398 to the dollar on the black market on Thursday, the same level as the previous day’s close.

On Thursday, the central bank also offered an additional $10,000 to bureaux de change, bringing the total offered this week to each of them to $30,000 after similar disbursements on Tuesday and Wednesday.

 

Previous Post

EFCC Vs Patience Jonathan: Why Court Unblocked Her $5.8m Account

Next Post

CBN pumps $100m into FX market as reserves rise again

Related Posts

Shares Slip, Oil Prices Rise As Investors Weigh Iran Risks
Economy

Shares Slip, Oil Prices Rise As Investors Weigh Iran Risks

June 23, 2025
Investors Brace For Oil Price Spike, Rush To Havens After US Bombs Iran Nuclear Sites
Economy

Investors Brace For Oil Price Spike, Rush To Havens After US Bombs Iran Nuclear Sites

June 22, 2025
Trump Accuses Fed, Powell Of Creating Inflation On Heels Of Rate Decision
Economy

Trump Says May Change Mind About Firing Fed Chair, Powell

June 21, 2025
CBN
Economy

CBN’s Forbearance Policy, CRR, LRR May Threaten Banks’ Lending, Proposed $1tn Economy

June 18, 2025
Next Post
CBN

CBN pumps $100m into FX market as reserves rise again

110 Associations Apply For Registration As Political Parties In Nigeria

110 Associations Apply For Registration As Political Parties In Nigeria

June 25, 2025
Shell

Shell In Early Talks To Buy Rival BP, WSJ Reports

June 25, 2025
Senate

Despite Opposition, Senate Confirms Non Indigene As Rivers Electoral Commission Chair

June 25, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

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

© 2022 Metro Business News

Go to mobile version