Central Bank of Nigeria Archives

Naira exchanges at N357 to Dollar, as CBN injects $210m into interbank Forex Market

Naira closes at 363/dollar, CBN sells forex to Manufacturers, Airlines

…As CBN rules out naira fall as external reserves hit $34bn*** The Central Bank of Nigeria has injected $285.7m into the Inter-Bank Foreign Exchange Market to...

NECA cautions CBN on implementation of cashless policy

Banking & Finance7 years ago

Banks to meet over BVN court ruling as Nigerians in diaspora kick …appeal can stop freezing accounts – Banks …court order unconstitutional, say Lawyers

Company secretaries and legal teams of 19 Deposit Money Banks in the country will, on Tuesday, hold an emergency meeting to fashion out modalities to comply...

Customers express disappointment over CBN’s directive on transaction charges

Economy7 years ago

Interbank lending rate drops to 20% amid cash squeeze

…As Pension fund assets rise by N862bn*** The nation’s overnight lending rate dropped to 20 per cent on Thursday on expectation that a cash squeeze will...

Economy7 years ago

Buhari writes Senate, seeks approval for $5.5bn Foreign Loans

…As CBN forex supply hits $390m in one week*** President Muhammadu Buhari has written to the Senate, seeking approval for $5.5bn external borrowings. The request was...

Introduce forex trading as course in higher institutions, expert urges FG

Economy7 years ago

FOREX: Rate disparity between banks and BDCs threatens 6,000 jobs

The indiscriminate rate disparity in the Foreign Exchange (FOREX) market may soon throw over 6,000 employees of Bureau De Change (BDC) into the labour market, following low patronage....

Economy7 years ago

Nigeria earns N13.5 billion from cashew nuts, as fgovt shores up non-oil exports

MAN says Appetite for foreign goods costing manufacturers $3bn annually Nigeria’s effort to diversify the economy appears to be yielding results with increased revenue from cashew...

Economy7 years ago

Banks, pension managers, others stake N105bn on sukuk bond

As Court adjourns ruling in bankers’ bail request over N8bn CBN scam The Islamic sukuk bond recently issued by the Federal Government was oversubscribed by more than...

Economy7 years ago

SIFAX resumes general cargo services with brand new MV Challenger

As Naira waits to take cue from MPC decision next Tuesday Operator of Terminal C, Tin Can Island port, Lagos, the Ports & Cargo Handling Services, this week...

Economy8 years ago

Oil prices rise toward $56 as demand outlook brightens

FG begins sale of N100bn debut sovereign sukuk Oil prices were lower on Friday but on course for weekly gains, the third in a row in...

Economy8 years ago

CBN injects fresh $250m into forex market

The Central Bank of Nigeria on Monday intervened with another sum of $250m in the foreign exchange market The regulator said in a statement that the...