FOREX: CBN Offers, Receives Bids For $100m

By: Olajide Toriola The Central Bank of Nigeria (CBN), says it has offered and received bids for $100 million from authorized dealers in the interbank market to meet the requests…

FOREX: CBN Pumps in $100m Into The Market

By: Olajide Toriola In continuation of its resolve to ease the challenge of access to foreign exchange, the Central Bank of Nigeria (CBN) on Tuesday, further injected another sum of…

Forex: Dollar to Crash Again as CBN Floods Market

By: Olajide Toriola In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday released another $100m into the wholesale…

CBN Slams Critics over Monetary Policies

The Central Bank of Nigeria (CBN) may have replied critics who have been attacking its monetary policies. In a statement by its acting Director of Communications, Isaac Okorafor, entitled “Nigeria’s…

CBN Tells Banks to Play Active Role in Economic Recovery

The Central Bank of Nigeria (CBN) has said banks have a critical role to play in returning the economy to normalcy as their financial intermediation activities cut across all sectors.…

Nigeria to Start Exporting Rice By 2017, Says CBN

There is good news after all on the economic front as Nigeria will begin to export rice to other countries before the end of 2017. The Acting Director, Corporate Communication…

Skye Bank Not Distressed or Liquidated, Says CBN

The Central Bank of Nigeria (CBN) has said Skye Bank, which management was sacked a few months ago and a new one appointed, is neither distressed nor liquidated. In a…

CBN Warns Nigerians of Dubious Money Transfer Operators

The Central Bank of Nigeria (CBN) has advised Nigerians at home and in the Diaspora to beware of what it called unwholesome activities of some unlicensed International Money Transfer Operators (IMTOs)…