Tag: CBN
CBN offers $100m forex to BDCs
The Central Bank of Nigeria (CBN) on Thursday said it had offered 100 million dollars to authorised dealers as its…
CBN to sell $100 million in currency forwards
Nigeria's central bank plans to offer $100 million in currency forwards on Thursday for settlement in between one week and…
CBN sells $25m to investors, exporters
The Central Bank of Nigeria (CBN) on Tuesday commenced interventions in the new Investors and Exporters’ FX Window with the…
CBN to empower 20,000 farmers in 2017
The Central Bank of Nigeria (CBN) says it will empower 20,000 farmers in Enugu State in 2017 under its Anchor…
CBN creates forex window for investors, exporters
Two weeks after opening a special Forex window for Small and Medium Enterprises (SMEs), the Central Bank of Nigeria (CBN)…
CBN suspends charges on large withdrawals
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of…
CBN disburses $280 million to SMEs, BDCs, Invisibles
The Central Bank of Nigeria (CBN) on Tuesday accentuated its determination to sustain liquidity in the foreign exchange market with…
Economist Calls For IMF Re-organisation
An Economist, Mr Okechukwu Unegbu, has called for total reorganisation of the International Monetary Fund (IMF) to accommodate developing nations…
CBN Urged To Resist Naira Flotation
A don, Dr Uche Uwaleke, on Saturday advised the Central Bank of Nigeria (CBN) not to float the naira until…
CBN releases additional $250m
The Central Bank of Nigeria (CBN) on Wednesday released another 250 million dollars on 7 to 30 day forwards for…
Naira sustains loss against dollar
The Naira on Tuesday sustained its loss against the dollar at the parallel market.
Forex: CBN opens special window for SMEs
The Central Bank of Nigeria (CBN) has opened a special Forex window for Small and Medium Enterprises (SMEs) to enable…
CBN shortens Foreign Exchange settlement period as naira weakens
Nigeria's central bank plans to sell shorter-dated dollar forwards to inject liquidity into the official market and try to support…
CBN To Sustain Intervention In Foreign Exchange Market
The Central Bank of Nigeria (CBN) says it will sustain its intervention in the Foreign Exchange (FX) market to further…
Online Store, PayPorte Suspends Payment On Delivery
The Managing Director of PayPorte, Mr Bassey Eyo said that the online store, Payporte.com has suspended Payment On Delivery (POD)…
CBN raises Forex supply by 20%
The Central Bank of Nigeria (CBN) on Thursday said it would start selling foreign exchange to the Bureau de Change…
Bank CSO’s Seek CBN Framework Against Cyber-Crimes
Chief Security Officers (CSOs) of banks on Saturday urged the Central Bank of Nigeria (CBN) to provide them with security…
250,000 Kebbi Farmers To Become Millionaires
Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), has assured farmers in Kebbi that 250,000 millionaire farmers…
CBN sells one-year treasury bills at N83.16 billion
Nigeria's central bank said on Thursday it sold one-year treasury notes at 18.69 percent, above inflation rate for the second…
Reps urge CBN to withdraw mutilated currency
The House of Representatives, on Thursday, urged the Central Bank of Nigeria (CBN) to urgently withdraw and destroy mutilated naira…
FOREX: CBN releases another $180m
The Central Bank of Nigeria (CBN) has offered additional 180 million dollars to meet bids for wholesale auction and requests…
CBN, IFAD award 60 MFBs
The Central Bank of Nigeria (CBN) and International Fund for Agricultural Development (IFAD) have given awards to 60 microfinance banks…
Forex: CBN Receives Bid For $100m
The Central Bank of Nigeria (CBN) says it has received bids for foreign exchange (forex) of about 100 million dollars…
CBN boosts forex supply with $195m
The Central Bank of Nigeria (CBN) on Tuesday sustained the supply of foreign exchange to the market by releasing 195…
Adeosun urges CBN to extend BVN to MFBs
The Minister of Finance, Mrs Kemi Adeosun, has urged the Central Bank of Nigeria (CBN) to extend Bank Verification Number…
N541.8bn debt: CBN, NCC rescue Etisalat from takeover
Nigeria's financial and telecoms regulator said it agreed on Friday with local banks to end the prospect of receivership for…
NCC, CBN meet over Eisalat’s $1.2bn debt
Nigeria's telecoms regulator met with the Central Bank of Nigeria, CBN, on Thursday over Etisasat's $1.2 billion debt and a…
CBN sells Treasury bills at yields below inflation
The Central Bank of Nigeria, CBN, raised N310.14 billion ($985 million) at an auction of treasury bills on Wednesday at…
N8bn CBN currency scam: Absence of defence counsel stalls trial
The eight billion naira CBN currency scam before Justice Joyce Abdulmaleek of the Federal High Court, Ibadan, suffered another adjournment…
CBN to strengthen naira
The National Association of Government Approved Freight Forwarders (NAGAFF) on Monday advised the Central Bank of Nigeria (CBN) to introduce…