Tag archive for ‘CBN’
Emefiele
By metro On Tuesday, February 20th, 2018
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CBN raises forex market with $210 million

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. In its quest to meet customers’ needs in the various More...

CBN
By metro On Thursday, February 15th, 2018
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Nigeria’s foreign reserves now $42.8 billion — CBN

The Central Bank of Nigeria, CBN, said on Wednesday in Abuja that the country’s foreign reserves has risen to about $42.8 billion. The spokesman of the bank, Isaac Okoroafor, said the country’s economy has continued More...

Emefiele
By metro On Saturday, February 10th, 2018
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Nigeria central bank says injected $326 mln into currency market

Nigeria’s central bank said on Friday it had injected $325.64 million into the interbank foreign exchange market as part of efforts to boost liquidity and reduce dollar shortages. Nigeria, an OPEC member which More...

By metro On Tuesday, February 6th, 2018
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Naira records marginal gain as CBN sells $210m

The naira recorded a marginal gain at the parallel market on Monday, closing at 363 per United States dollar, up from 364/dollar on Friday. The local currency has been trading between 362/dollar and 365/dollar in More...

Edward Lamatek Adamu
By metro On Friday, February 2nd, 2018
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New CBN nominee Adamu faces Senate embargo

Edward Lamatek Adamu Edward Lamatek Adamu, director of human resources, whose elevation as a deputy governor of the Central Bank of Nigeria was announced today, faces uncertain weeks or months to get cleared by More...

Emefiele
By metro On Thursday, February 1st, 2018
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CBN sells longer term treasuries at higher yield to draw funds

CBN raised 252.88 billion naira ($827 mln) at a treasury bill auction on Wednesday as investors piled demand into the higher yielding one-year debt, traders said on Thursday. The central bank sold 177.22 billion More...

Emefiele
By metro On Tuesday, January 16th, 2018
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CBN injects $210 mln into currency market

Nigeria’s central bank said on Monday that it had injected $210 million into the interbank foreign exchange market as part of its attempt to boost liquidity and alleviate dollar shortages. The bank said in a statement More...

By metro On Wednesday, January 10th, 2018
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BDC operators advises CBN on stronger naira

The Association of Bureaux De Change Operators of Nigeria (ABCON) on Wednesday listed recipes for a stronger naira and a more stable exchange rate in 2018. Alhaji Aminu Gwadabe, President of ABCON, said the recipes More...

Emefiele
By metro On Tuesday, January 9th, 2018
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External reserves hit four-year high at $40.4bn – CBN

The nation’s external reserves have hit a new level of $40.4bn, the Central Bank of Nigeria has stated. The last time the foreign reserves hit the $40bn mark was January 2014, about five months before the crash More...

Emefiele
By metro On Thursday, January 4th, 2018
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CBN raises 162 bln naira at treasury bill auction

CBN raised 161.54 billion naira ($513.64 mln) at a treasury bill auction on Wednesday after it received subscriptions for more than twice the amount on offer, traders said on Thursday. The central bank sold 115.85 More...