Naira exchanges N364 to Dollar as CBN boosts foreign exchange supply with $195m
The Central Bank of Nigeria (CBN), Monday, intervened in inter-bank Foreign Exchange Market with the supply of 195 million dollars as part of its efforts to stabilise the market.
Recession: Aba artisans can help revive economy — CBN
THE Central Bank of Nigeria has said that Aba, the commercial city of Abia state stands a good chance of turning around the economy of Nigeria and makes it great again through the ingenuity of the artisans in the city.
N2trn bad loans: CBN unveils framework for AMCON 2
The Central Bank of Nigeria, CBN, yesterday, announced exposure draft framework for the creation of the second version of the Asset Management Company of Nigeria, AMCON, known as AMCON 2, to tackle the over N2 trillion non-performing loans in the banking sector.
CBN injects $195m into foreign exchange market
Following its 800 million dollars intervention in the inter-bank Foreign Exchange (FOREX) Market last week, the Central Bank of Nigeria (CBN), on Monday, injected 195 million dollars into the market to meet the requests of customers in the various segments of the market.
Only 5.3% of adults have access to credit in Nigeria, CBN laments
THE Central Bank of Nigeria, CBN, has expressed concern over the low level of credit penetration in the country which is estimated at 5.3 per cent of the nation’s adult population.
CBN to mop up N200bn with special TBs as Naira stable at N364/$
The Central Bank of Nigeria (CBN) yesterday said that it will issue special treasury bills today to mop up N200 billion from the banking system in order to further rein in inflation. Meanwhile the naira remained stable at N364 per dollar in the parallel market.
