Tag archive for ‘CBN’
CBN
By metro On Wednesday, December 13th, 2017
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CBN injects $210 mln into currency market

Nigeria’s central bank said on Tuesday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. The bank said in a statement More...

Naira
By metro On Monday, December 4th, 2017
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CBN weakens naira to 307/US$ for first time on official market -traders

Nigeria’s central bank on Monday weakened the naira marginally, selling dollars at 307 naira each for the first time on the official interbank market, in what traders say could signal a gradual move to merge More...

By metro On Monday, November 27th, 2017
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CBN sacked bank directors over non-performing loans – NDIC

A number of bank directors have been fired by the Central Bank of Nigeria following cases of insider abuse relating to non-performing loans, it has been learnt. Specifically, the banking sector regulators, the CBN More...

Emefiele
By metro On Saturday, November 25th, 2017
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Nigeria’s central bank supplies $288 mln to four sectors

Nigeria’s central bank said it had injected $287.89 million into currency market on Friday to meet requests in four industries for dollars, extending efforts to boost liquidity and alleviate shortages. The four More...

Godwin Emefiele
By metro On Wednesday, November 22nd, 2017
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CBN ‘on course’ to meet single digit inflation rate next year – Emefiele

The Central Bank of Nigeria, CBN, is on course to realise its target of bringing the country’s inflation rate down to single digits by next year, its governor, Godwin Emefiele, said on Wednesday. The National More...

9mobile
By metro On Tuesday, November 21st, 2017
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9mobile sale: CBN, NCC Blast Barclays Africa

9mobile Barclays Africa, the financial advisers, handling the sale process of 9 Mobile have come under attack from the Central Bank of Nigeria (CBN) and the Nigeria Communications Commission (NCC) The CBN and the More...

CBN
By metro On Monday, November 20th, 2017
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Internet Bank Fraudsters Now in Recession, Says CBN

The Central Bank of Nigeria (CBN) has claimed success in checking Internet fraudsters in the banking sector through various measures to prevent hacking into customers’ accounts. The deputy governor of the More...

Naira
By metro On Tuesday, November 14th, 2017
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CBN weakens naira marginally on spot market

CBN sold dollars at 306 naira for the second time on Tuesday after maintaining a level around 305 naira on the official spot market for two months, traders said. The move was minor, to signal a change in foreign More...

Emefiele
By metro On Monday, November 13th, 2017
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House of Reps: How DPR, Central Bank Diverted $950m oil Royalty

Latest report have it that an ad hoc committee of the House of Representatives on Sunday accused the Department of Petroleum Resources and the Central Bank of Nigeria of keeping $950m in a secret domiciliary account More...

Kemi Adeosoun
By metro On Tuesday, November 7th, 2017
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Adeosun, CBN, foreign investors disagree on naira’s future

Nigerian officials are increasingly confident the naira’s troubles are over for good. Some investors, however, disagree. According to Bloomberg, portfolio inflows have risen in the past three months with crude More...