The Central Bank of Nigeria (CBN), yesterday, injected $250 million into the foreign exchange 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.

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.

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.

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.

The Central Bank of Nigeria, CBN, yesterday said the country’s average monthly import bill rose by 95 per cent to N588 billion in 12 years.

The industry is still very young; some have foreign body assisting them in terms of funding. This business needs funding. N2 billion to N20 billion is quite a huge difference and the kind of business that an association can do with N2 billion, N20 million cannot do it. Size also matters in this business. If you also observe, the big names that control 40 percent of industry total assets also have foreign partners behind them, so to access funding is very easy.

THE Central Bank of Nigeria (CBN) has ordered beneficiaries of the N200 billion Commercial Agricultural Credit Scheme (CACS) to henceforth obtain insurance cover for their projects from the Nigeria Agricultural Insurance Company (NAIC).

The Central Bank of Nigeria (CBN) has intervened in the Inter-Bank market to the tune of 364 million dollars to sustain liquidity in the Foreign Exchange (Forex) Market.

ABUJA—The Export and Investors Window of foreign exchange market has raked in $4 billion since it was created by the Central Bank of Nigeria, CBN, in May.

The Export and Investors Window of the Foreign Exchange (FX) market has raked in $4 billion since it was created by the central Bank of Nigeria, (CBN), in May.

The Naira, yesterday, depreciated in the parallel market, Investors and Exporters (I&E) window even as the Central Bank of Nigeria (CBN) injected $195 million into the interbank market.

THE Central Bank of Nigeria, CBN, has extended the Bank Verification Number enrolment for Other Financial Institutions customers which includes MfBs to December 31, 2017.

There is uncertainty over the direction of cost of funds in the interbank money market this week as the Central Bank of Nigeria (CBN) is expected to sustain its aggressive liquidity mop up amidst inflow of N113 billion.

The Central Bank of Nigeria, CBN, in collaboration with the Nigerian Communication Commission, NCC, is set to introduce regulations to curb SIM swap and Unstructured Supplementary Service Data,USSD, related electronic payment frauds in the financial system of the nation