THE delay in the release of statutory allocation funds due to the inconclusive meeting of the Federation Accounts Allocation Committee, FAAC, last week has triggered uncertainty over direction of cost of funds in the interbank money market this week. This is in spite of liquidity boost of N409 billion expected from maturing treasury bills this week.

The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days.

…despite the disbursement of over N488bn to operators

The Kaduna State Government on Tuesday said the first batch of 3,000 youths had been cleared to benefit in the Federal Government’s Accelerated Agricultural Development Scheme (AADS).

Barely two years to the 2020 target to reduce unbanked Nigerians to 20 per cent, the Central Bank of Nigeria (CBN) says the country’s unbanked population currently stands at 37 per cent.

A retired Assistant Director of Central Bank of Nigeria (CBN), Ebere Ucheagwu, was on Thursday arraigned in an FCT High Court, Maitama, for allegedly obtaining N7 million unpaid legal services.

Mr Isaac Okorafor, Acting Director, Corporate Communications, Central Bank of Nigeria (CBN) said the apex bank boosted the foreign exchange market with 210 million dollars to meet customers’ requests in various segments.

THE Central Bank of Nigeria (CBN) is expected to resume its liquidity mop up operations this week in response to inflow of N424.9 billion into the interbank money market.

Foreign exchange, forex, sales by the Central Bank of Nigeria (CBN) was dominated in 2017 by Forwards contracts which accounted for $11.2 billion or 70 percent of total sales.

In the past two weeks, the foreign exchange market came under pressure as a result of many factors. The main one was that many investors that flooded the economy with foreign exchange in portfolio investments are pulling out, which has led to serious demand pressures. Consequently, the Naira had depreciated across all market segments.

PRESIDENT Muhammadu Buhari has approved the nomination of Mr. Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria subject to Senate confirmation.

AS part of activities to mark the United Nations 2018 World Environment Day, Visionscape Sanitation Solutions, in partnership with the Central Bank of Nigeria, CBN, held a presentation on polymer resource recovery.

The Central Bank of Nigeria (CBN), on Thursday, released guidelines for the bilateral Currency Swap agreement between Nigeria and China.

The Central Bank of Nigeria (CBN) has rolled plans to issue N1.1 trillion worth of Treasury Bills (NTBs) in the next three months to August 30, 2018.

The Abuja Division of the Federal High Court, on Tuesday, declined to compel the Central Bank of Nigeria, CBN, and its Governor, Godwin Emefiele, to disclose how much that was expended on President Muhammadu Buhari’s medical treatment in the United Kingdom last year.