Banks to Contribute 5 Percent to Agriculture

…to Establish Central Repository Against Fraud The bankers committee of Central Bank of Nigeria (CBN) at the end of their 32 meeting in Lagos, said they will be contributing 5…

CBN Offers $100m in Wholesale Forwards

Buoyed by the impact of its interventions and stability in the foreign exchange market, the Central Bank of Nigeria (CBN) on Thursday, April 27, 2017 offered the sum of $100…

CBN Auctions $185.86m in Retail SMIS

Following Tuesday’s assurances by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, that the CBN will continue to intervene in the foreign exchange market, the apex Bank on Wednesday, April 26, 2017, auctioned…

CBN Sells $25m in New FX Window For Investors, Exporters

…Dealers fail to subscribe fully to CBN’s $150m offer The Central Bank of Nigeria (CBN) on Tuesday, April 25, 2017, commenced interventions in the new Investors’ & Exporters’ FX Window…

FOREX: CBN Injects $246.2m For Wholesale, SMEs, Invisibles

The Central Bank of Nigeria (CBN) on Monday, April 24, 2017, offered the sum of $246.2 million to authorized dealers at the forex auction in the interbank wholesale window, Small…

Forex: CBN Creates FX Window For Investors, Exporters

Two weeks after opening a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items, the Central Bank of Nigeria (CBN) on…

CBN Suspends Cashless Policy, Banks to Refund Charges

The Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy. In a circular released on Friday, the apex bank instructed banks to revert…

CBN Supply Crashes Dollar

…naira to appreciate further ahead of Friday Interventions … as CBN Intervention in Forex Market Pays Off The Naira firmed up at the Bureau de Change (BDCs) segment on Thursday,…

CBN Hands Over TechU Buildings to Oyo Govt.

By: Olajide Toriola The Central Bank of Nigeria (CBN) has handed over a Central Library, Blocks of Lecture and Administrative buildings to the Oyo State Government as part of its…

CBN Intervenes With $100m in FOREX Market

…banks only able to pick up $68.51 million …to sell $20,000 to BDCs on Thursday By: Olajide Toriola Following its injection of $280 million into the Foreign Exchange Market on…