CBN votes N500m for recycling of old Naira notes, others
As ministry, GIZ, EU, UNIDO, HBS, others plan on disposal of expired battery By Chris Ochayi Worried by the negative impact of disposing of expired naira notes through burning on the environment, the Central Bank of Nigeria, CBN, disclosed yesterday that it has set aside a total sum of N500 million for the recycling of […]
CBN injects $325.5m into retail market
The Central Bank of Nigeria (CBN) has injected $325.5million in the Retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short-tenured forwards segment of the inter-bank foreign market. The apex bank’s Director of Corporate Communications, Mr. Isaac Okorafor, disclosed this in a statement in Abuja on Friday. Okorafor said the dollars intervention […]
Arbitrage: CBN directs banks to reverse loan funded TB transactions
Warns against circumvention LDR directive By Emeka Anaeto & Babajide Komolafe The Central Bank of Nigeria (CBN) has directed banks to reverse customers’ investments in treasury bills funded with loans, describing the practice as arbitrage and circumvention of its 65 per cent loan-to-deposit ratio (LDR). Recall that the CBN in an attempt to increase lending to […]
Forex intervention: CBN injects $325.5m into retail market
The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the Retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short-tenured forwards segment of the inter-bank foreign market.
N500, N1000 denominations most commonly counterfeited banknotes — CBN report
The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018.
Border Closure: CBN appeals to rice stakeholders not to increase price
The Central Bank of Nigeria (CBN), has appealed to members of Rice Millers Association of Nigeria (RIMAN) and other stakeholders in the rice value chain not to increase the price of rice over border closure. Mr. Godwin Emefiele, the CBN governor said this in a statement issued and made available to newsmen on Monday in […]
