Stakeholders have called on the Central Bank of Nigeria (CBN) to sustain the improved economic policies which led to rising investment opportunities and agricultural development in the country. They said the SME’s schemes of the […]
The federal government Tuesday said the judgement by a United Kingdom’s court authorising Process and Industrial Developments Limited (P&ID) to seize US$9.6billion in Nigerian assets over 20-year Gas Supply Processing Agreement (GSPA) was exorbitant, unjustifiable and overcompensation. […]
With oil prices unstable in the international market and Dollar liquidity in Nigeria’s forex market coupled with investors booking profits on local debt instruments in response to falling yields, the Naira has faced upside pressure […]
Governor of Central Bank of Nigeria (CBN) Godwin Emefiele Monday said more items would further be denied foreign exchange from government institutions. Importers of the affected items, he said, would not just be denied access to foreign exchange from CBN source […]
The Peoples Democratic Party (PDP) has described President Muhammadu Buhari’s directive on food importation in the country as mean, ill-timed and completely against the well being of Nigerians. PDP in a statement issued by its […]
The Central Bank of Nigeria (CBN) auctioned N150 billion ($489.5 million) of open market bills on Thursday, which is its second bill sale in a week as it seeks to attract more foreign investors. The […]
President Muhammadu Buhari Tuesday in Daura, Katsina state, said he has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the country. This, he said, was designed […]
Nigeria’s central bank offered N100 billion ($326 million) of treasury bills yesterday, in its first such auction since mid-July as it seeks to boost dollar liquidity in the currency market after the naira fell, traders […]
Nigeria’s Manufacturing Purchasing Managers’ Index (PMI) for the moth of July stood at 57.6 index points, the Central Bank of Nigeria (CBN) said. According to the apex bank in its July PMI, the expansion in […]
The Central Bank of Nigeria unveiled a five-year plan recently and it seems that was the first time the institution would present such “long” term monetary plan. It is not in the nature of monetary […]
The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30. The bank’s Director, Corporate Communications Department, Mr Isaac […]
In its last intervention for the month of July, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into the inter-bank foreign exchange market. Figures obtained from the CBN on Tuesday, […]
The Central Bank of Nigeria (CBN) has said it is not back down on its proposed plan to restrict access to foreign exchange to importers of milk. CBN governor Godwin Emefiele on Tuesday after the […]
The Central Bank of Nigeria (CBN), in the latest round of mediation in the inter-bank foreign exchange market, has injected the sum of $284.2 million in the retail Secondary Market Intervention Sales (SMIS). This is in addition […]
The Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the […]
In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday, injected the sum of $242.04million into the retail Secondary Market Intervention Sales (SMIS) and CNY 32.3million […]
A total of N679.699 billion has been distributed as Federal Allocation for the month of May, 2019 between the Federal Government, State Governments and Local Government Councils. The communiqué issued by the Technical sub -Committee […]
Governor of Central Bank of Nigeria (CBN) Godwin Emefiele Monday unveiled the policy direction of his new five-year tenure, promising to facilitate 95 per cent access to financial services, double digit-growth and bank recapitalisation among […]
Citizens of Ebonyi have been urged to embrace the people-oriented packages and programmes of the Central Bank of Nigeria (CBN) aimed atmaking them financially viable. Assistant Director, Corporate Communication of CBN, Mr Sam Okogbue, said […]
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has assured that no fewer than 10 million jobs would be created in the five years. Emefiele who spoke when he unveiled his second term agenda affirmed […]
The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Tuesday, indicated that authorized dealers in the wholesale segment of the […]
The Central Bank of Nigeria (CBN) has concluded a one-day interactive session with stakeholders on measures being put in place to ensure stability in the financial system and economy. Addressing stakeholders at a forum in […]
The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following the conclusion of sales on Tuesday. Figures obtained from the CBN indicated that authorized […]
Last week was very eventful with a screaming headline in one of the newspapers calling for the probe of Central Bank of Nigeria (CBN) over alleged N500 billion fraud. This was a fallout of the […]
When the news broke on Thursday, May 9, 2019, that President Muhammadu Buhari had re-nominated Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), for a fresh term of five years, both local […]
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