CBN Injects $195m Into FOREX Market

…announces retail option Following its intervention in the inter-bank Foreign Exchange Market, last week, to the tune of over $800 million, the Central Bank of Nigeria (CBN), on Monday, injected…

Naira Lifted Again as CBN Injects $418m

…investors/Exports Segment Hits $2.2BN The Naira is set to be given further lift in the forex market with CBN’s injection of another $418 million into various segments of the inter-bank…

CBN Boosts FOREX Market With $413.5m

The Central Bank of Nigeria (CBN) has intervened in the inter-bank Foreign Exchange market to the tune of $413.5 million, further underscoring its resolve to guarantee liquidity in the market…

CBN Injects $190m Into Forex Market, Opens Up Market

…wholesale segment gets $100m; …SMEs receive $50m boost; …BTA, others get $40m Relentless in its push to achieve convergence of rates in the interbank and Bureau de Change segments of…

CBN to Further Flood Forex Market As Rates Converge

In spite of the naira’s strong showing in the foreign exchange market last week, which saw the currency gain substantial ground against the United States dollar, selling at N363/$1 compared…

Ajimobi, Emefiele, Ibidapo-Obe, Afolabi, Others For TechU Buildings Commissioning Tuesday

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, Fellow and former President of the Academy of Science, Professor Ayo Ibidapo Obe, Former Head of service of the Federation, Professor…

Osinbajo Signs 2 Bills Into Laws to Ease Credit Access For MSMEs

Acting President Yemi Osinbajo has signed into law two bills that would facilitate access to more affordable credit for Nigerians. The laws are: the Secured Transactions in Movable Assets Act,…

Forex: CBN Lifts Naira With $482.6m

In the first trading day after the Democracy Day celebrations, the Central Bank of Nigeria (CBN) on Tuesday, intervened in the inter-bank market to the tune of $482.6 million, underlining…

Kwara @50th : Gov. Ahmed Gives Tax Relief to SMEs

By: Mosunmola Ayobami, Kwara As part of effort to encourage small business owners and eradicate poverty in the state, Kwara State Governor, Dr Abdulfatah Ahmed has directed the state’s revenue…

CBN Injects $186.5m For Invisible And SMEs Segments

Following the conclusion of the Monetary Policy Committee Meeting on Tuesday, May 23, 2017 the Central Bank of Nigeria (CBN) has injected the sum of $186.5million into the invisible and…