Tag: CBN
Apex Bank reaffirms commitment to combat money laundering
The Central Bank of Nigeria (CBN) says it has taken necessary steps to ensure that the Nigerian banking sector is…
CBN’s Intervention In Forex Market Temporary – Prof Nwaekeaku
Prof. Charles Nwaekeaku of Nassarawa State University, says the Central Bank of Nigeria’s (CBN) interventions in the Foreign Exchange Market…
Etisalat vs Banks: CBN, NCC intervene to save jobs, Asset Stripping
Following the deepening crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated loan of about US$1.2…
CBN injects $195m into forex market
Following its 800 million dollars intervention in the Interbank Foreign Exchange (FOREX) Market last week, the Central Bank of Nigeria…
Naira lifted again as CBN injects $418 million
The Naira is set to be given further lift in the forex market with the Central Bank of Nigeria, CBN’s…
Manufacturers condemn harsh interest rate of 14%
The Manufacturers Association of Nigeria (MAN) Ogun Chapter, has condemned the retention of interest rate by the Monetary Policy Committee…
Apex Bank to recommence disbursement MSMEDF soon
The Central Bank of Nigeria (CBN) says it will soon recommence the disbursement of the Micro, Small and Medium Enterprises…
Nigeria Inter-bank rate jumps after CBN’s liquidity mop-up
Nigeria's overnight interbank lending rate rose sharply to 29.5 percent on Friday, up from 19 percent last week, after the…
CBN reinstates Keystone Bank, others to Foreign Exchange Market
Following the suspension of fourteen commercial banks from the FOREX market and the re-reinstatement of some banks based on provision…
CBN re-admits Keystone Bank to forex market
Keystone Bank on Thursday said the Central bank of Nigeria(CBN) had readmitted it into the spot and wholesale forwards segment…
Forex: Buhari happy with market stability
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has briefed President Muhammadu Buhari on the stability in…
Farmers already repaying anchor borrowers loan – CBN
The Central Bank of Nigeria said that farmers have commenced the repayment of the N33.4 billion loan given to them…
CBN plans $150 million Foreign Exchange intervention
The Central Bank of Nigeria, CBN, plans to offer $150 million on the spot and forward markets on Wednesday, traders…
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…