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In one week, Nigerian economy records $1 5b inflow -CBN – Opinion Nigeria

In one week, Nigerian economy records $1 5b inflow -CBN – Opinion Nigeria
opinionnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from opinionnigeria.com Daily Mail and Mail on Sunday newspapers.

CBN Reports Nigerian Economy Received Over $1 5 Billion Inflow This Month

CBN Reports Nigerian Economy Received Over $1 5 Billion Inflow This Month
metrodailyng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metrodailyng.com Daily Mail and Mail on Sunday newspapers.

NAFEX: FX Traders Are Creating Artificial Dollar Scarcity |

Arbitrage activities were spotted in the parallel foreign exchange (FX) market after the Central Bank (CBN) adopted Nigeria’s Autonomous Foreign Exchange for legitimate transactions. In the currencies market, Chapel Hill Denham said the Nigerian local currency, naira gained in the investors and Exporters window by 0.12% or 12kobo on while in the parallel market, it shed 1.62% or N1.62. The investment firm however said the decline in the parallel market is linked to arbitrage activities in which traders are creating artificial scarcity of the United States dollar in reaction to the convergence of the official and NAFEX rate on the CBN website.

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