FX liquidity – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 23 Jun 2016 19:44:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png FX liquidity – InfoStride News https://www.theinfostride.com 32 32 CBN Sells Dollars For Fourth Day To Boost Foreign Exchange Liquidity https://www.theinfostride.com/cbn-sells-dollars-for-fourth-day-to-boost-foreign-exchange-liquidity/ Thu, 23 Jun 2016 19:44:46 +0000 http://www.theinfostride.com/?p=133448 Central Bank Nigeria (CBN) is selling dollars on the inter-bank market for the fourth day to ease dollar shortages after it floated the currency, traders said. The naira traded at 283 to the dollar at 1249 GMT, on volumes of $76.8 million, which traders attributed to the central bank intervention. The inter-bank market opened at [...]

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]]> FX Liquidity: Nigerian Banks Struggling To Meet Forex Obligations As CBN Refuses To Devalue The Naira https://www.theinfostride.com/fx-liquidity-nigerian-banks-struggling-to-meet-forex-obligations-as-cbn-refuses-to-devalue-the-naira/ Tue, 22 Dec 2015 09:18:03 +0000 http://www.theinfostride.com/?p=114510 According to Renaissance Capital in a report entitled: “Nigerian banks struggling for FX liquidity”, Nigerian banks are struggling to meet the $5billion foreign exchange obligations to importers and correspondent banks, The report stated that due to the inability to access foreign exchange from the Central Bank of Nigeria (CBN), banks are having challenges sourcing dollars [...]

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