UK businesses – At an interactive session with Niyi Adebayo, minister of industry, trade and Investment, and Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), the UK business team said they need forex to pay their lenders and maintain their machines. Some of the companies present at the interactive session included GlaxoSmithKline, Savanna […]
Tag: Forex
CBN Injects $341.75m, CNY14.7m – Retail SMIS Forex Intervention
CBN – The Central Bank of Nigeria has intervened in the Retail Secondary Market Intervention Sales (SMIS), to the tune of $341.75 million in addition to CNY14.7 million in the spot and short-tenored forwards segment of the inter-bank foreign market. CBN Director in charge of Corporate Communications Department, Mr. Isaac Okorafor, made the disclosure, on […]