CBN recovers N50bn banks’ excessive charges
Efforts to ensure Deposit Money Banks (DMBs) play by the rules are yielding significant yielding as the Central Bank of Nigeria (CBN) has recovered over N50 billion excessive charges.
Naira stable as CBN injects $250m
The Central Bank of Nigeria (CBN), yesterday, injected $250 million into the foreign exchange market.
CBN Injects $250m into Forex Market
The Central Bank of Nigeria (CBN), Monrday, intervened in the Inter-Bank Foreign Exchange Market to the tune of $250m in three segments of the market.
Cost of funds to fall as N193bn inflow is set to boost interbank liquidity
THE interbank money market will, this week, receive liquidity boost of N193 billion from maturing treasury bills prompting further decline in cost of funds.
Last week, the market was gripped with intense scarcity of funds, which caused cost of short term funds to rise above 100 per cent in the first half of the week, before dropping below 15 per cent in response to inflows from matured treasury bills (TBs) and statutory allocation funds.
CBN chief raps entrepreneurs for shunning FG’s N200bn
The Federal Government weekend blamed Nigerian entrepreneurs for refusing to take advantage of the N200 billion made available by the Central Bank of Nigeria, CBN, for them to improve their lives and wriggle out of the current economic recession.
Why CBN interventions fail to save Naira
Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank of Nigeria (CBN) in the foreign exchange market.
