Tag archive for ‘CBN’
Godwin Emefiele
By metro On Wednesday, November 22nd, 2017
0 Comments

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
0 Comments

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
0 Comments

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
0 Comments

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
0 Comments

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
0 Comments

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...

CBN
By metro On Wednesday, November 1st, 2017
0 Comments

CBN selling 100b naira treasury bills on Wednesday -traders

CBN  is set to sell 100.83 billion nairas of treasury bills at an auction on Wednesday, traders said. The central bank is offering 23.05 billion nairas of three-month paper, 23.43 billion nairas of six-month bill More...

By metro On Tuesday, October 31st, 2017
0 Comments

Nigeria’s dollar reserves at $33.69b as of Oct. 27 – CBN

Nigeria’s foreign exchange reserves stood at $33.69 billion as of Oct. 27, up 4.1 percent from a month earlier, central bank data showed on Tuesday. The bank did not provide a reason for the increase in reserves, More...

By metro On Friday, October 27th, 2017
0 Comments

CBN supplies $285.7m to four sectors

CBN said it had injected $285.7 million into the interbank foreign exchange market on Friday to meet requests in four industries for dollars, extending efforts to boost liquidity and alleviate shortages. The four More...

Naira
By metro On Friday, October 27th, 2017
0 Comments

Nigerian T-Bill Boost to Bank Margins May Be Temporary

Nigerian Treasury Bill yields are helping banks to maintain their margins, Fitch Ratings says. Banks have been investing heavily in T-Bills since 2H16, boosting interest income and maintaining margins. Margins reported More...