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FOREX: CBN boosts Retail Segment with $254.3m

FOREX: CBN boosts Retail Segment with $254.3m

Players in the retail segment of the Nigerian inter-bank Foreign Exchange (FOREX) market received a 254.3 million dollars boost from the Central Bank of Nigeria (CBN) on Friday.

CBN entices Anambra people with mouth -watering loan packages

CBN entices Anambra people with mouth -watering loan packages

AWKA- THE Central Bank of Nigeria, CBN, has unfolded mouth–watering loan packages for all categories of enterprise owners in Anambra State. Top on the loan plan, which attracts only nine percent interest, is in the area of agriculture.

10 microfinance banks account for 40% of industry loan — CBN

10 microfinance banks account for 40% of industry loan — CBN

Director, Other Financial Institution and Supervisory Department (OFISD) Central Bank of Nigeria (CBN) Mrs. Tokunbo Martins, disclosed this at the just concluded second annual two-day professional seminar organized by the National Association of Microfinance Banks, Lagos State Chapter (NAMBLag) in conjunction with CA Compuconsult &Associates with the theme: ‘Strategic Options for Sustainability of Microfinance Operations in a Challenging Environment.

Recession: Aba artisans can help revive economy — CBN

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

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

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.

CBN to mop up N200bn with special TBs as Naira stable at N364/$

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.