Just In: CBN orders DMBs to sell FX to customers
The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks, DMBs to sell foreign exchange (FX) to customers.
Experts laud extension of Naira4Dollar scheme by CBN
Experts on Thursday commended the Central Bank of Nigeria (CBN) for extending the Naira4Dollar scheme expected to close on May 8.
CBN Gov vows to resist maize importation
The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has vowed to resist maize importation.
Just in: CBN extends Naira 4 Dollar Scheme
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said it has extended its Naira 4 Dollar Scheme until further notice. The apex bank disclosed this in a circular titled: “Re: Introduction of the CBN’s “Naira 4 Dollar Scheme’’, for Diaspora Remittances.” The circular, signed by Director, Trade and Exchange Department, CBN, Saleh Jibrin stated: […]
Electricity Consumers praise CBN for N120bn power intervention
By Obas Esiedesa As a part effort to support and grow revenue of the power sector, the Central Bank of Nigeria, CBN, last week disclosed that it has disbursed about N3.6 billion for procurement of pre-paid meters to stabilise the billing system in electricity consumption in Nigeria as part of its N120.2 billion investments in […]
Banks escalate borrowings from CBN by 174% to N2.4trn
In apparent reflection of the intense scarcity of funds that prevailed in the interbank money market in April, banks’ borrowing from the Central Bank of Nigeria (CBN) rose by 174 per cent to N2.48 trillion from N904.6 billion in March. The banks’ deposits with CBN also declined significantly.
