Forex: CBN Goes Tough on Banks

…floods market with $545m The Central Bank of Nigeria (CBN), on Monday threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier directive of March 3, 2017…

CBN is Committed to Tame Inflation, Bring Down Interest Rates – Emefiele

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said the CBN will continue to explore further avenues to ensure that interest rates are supportive of domestic production…

CBN Injects Another $250m Into Forex Market

The Central Bank of Nigeria (CBN), in its relentless effort to keep the inter-bank foreign exchange market liquid, on Monday, September 11, 2017 intervened with another sum of $250 million.…

CBN Assures of Liquidity in Forex Supply

The Central Bank of Nigeria (CBN) has assured of its continued intervention in the inter-bank Foreign Exchange market in order to sustain liquidity and stability in the sector. The Acting…

FG Begins Payment of Arrears of Doctors

The Central Bank of Nigeria (CBN) has begun the payment of backlog of resident doctors nationwide. The Minister of Labour and Employment, Dr Chris Ngige, who made the revelation yesterday…

Inter-Bank Forex Market Gets $462m CBN Boost

…retail SMIs get $267.3m …wholesale window receives $100m offer …SMEs get $50m allocation …BTA, Tuition others get $45m In line with its commitment to sustain and deepen flexibility in the…

Monetary Policy Committee Retains MPR at 14.0 Percent

  At the end of its 257th meeting, the fourth this year, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) voted to maintain status quo by retaining the,…

CBN Injects $195m into Forex Market Ahead of MPC Decisions

…offers $100m to wholesale segment; …SMEs window receives $50m boost; …BTA, others get $45m Ahead of the decisions of the Monetary Policy Committee (MPC) on Tuesday, July 25, 2017, the…

World Bank to Rank Nigerian States on Ease of Doing Business

Nigeria’s 36 states and the Federal Capital Territory (FCT) will be ranked based on an assessment of the ease of doing business within each location for the period 2014-2018. This…

Paris Club Refund: Protesting Pensioners Must Apologise to Osun People for Misinforming Them

The Osun State Government has asked a group of pensioners protesting the non-payment of their pension and who alleged that the state had received the second tranche of Paris Club…