We ‘re targeting 11% inflation end 2017 – CBN Gov
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the bank was targeting an inflation rate of between 10-11 per at the end of this year.
Gov. Amosun escapes death as CBN bullion van rams into convoy
Gov. Ibikunle Amosun of Ogun on Thursday escaped death in an auto accident at the Ibafo axis of the Lagos-Ibadan expressway.
Stop playing politics with forex, monetary policy, Soludo tells CBN
Former Governor of Central Bank of Nigeria, CBN, Professor Chukwuma Soludo, yesterday, said the current leadership of the apex bank should stop playing politics with foreign exchange and monetary policy.
Electronic fraud: CBN reiterates need to secure payment systems
The Central Bank of Nigeria (CBN) on Wednesday reiterated the need to secure payment systems in the country stem fraudulent activities in the financial sector.
CBN to revoke licences of MFBs, others for non- compliance
The Central Bank of Nigeria, CBN, has said it would revoke the operating licences of micro finance banks, and other financial institutions, OFIs, due to non-compliance with anti-money laundering and combating terrorism financing, AML/CFT, regulations.
CBN boosts forex supply with $389million
The Central Bank of Nigeria (CBN) yesterday injected a total sum of $388.66 million to the retail segment of the interbank window of the foreign exchange market.
CBN boosts forex supply with $389 million
The Central Bank of Nigeria (CBN) yesterday injected a total sum of $388.66 million to the retail segment of the interbank window of the foreign exchange market.
Nigeria imports $100m sugar annually—CBN
KANO—THE Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, said, yesterday, that Nigeria spends $100 million on importation of white sugar annually.
CBN governor briefs Buhari over forex crisis
Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele on Thursday briefed President Muhammadu Buhari over the instability in the country’s foreign exchange market which has continued to impact negatively the value of Naira.
CBN disburses N33bn to farmers via Anchor Borrowers Programme
The Central Bank of Nigeria, CBN, yesterday, said it had disbursed N33.34 billion to 146,557 farmers under the Anchor Borrowers Programme, ABP.
Naira Watch: Dollar glut, as banks fail to gulp CBN’s $100m offer
LAGOS — The Central Bank of Nigeria (CBN) says authorized dealers were able to subscribe to $65.94 million out of the $100 million offered by it at the inter-bank wholesale transactions concluded yesterday indicating emergence of dollar glut in the market.
CBN’s April PMI confirms economy recovering from recession
The Central Bank of Nigeria, CBN, yesterday, issued its Purchasing Managers Index, PMI, report for April, which indicated expansion in most subsectors of the economy during the month.
Crisis looms in Senate over RECs, CBN Board members’ screening
STRONG indications have emerged that the Senate has run into confusion over recent requests by the Presidency for confirmation of Board members of Central Bank of Nigeria, CBN, and the Resident Electoral Commissioners, RECs.
N152bn CBN power loan blocking our access to banks’ funds, DISCOs cry out
ABUJA—The Association of Nigerian Electricity Distributors ANED, has cried out that N152.16bn of the N201.61 billion Central Bank of Nigeria, CBN, fund, which is reflecting on accounts of Distribution Companies, DISCOs, was denying them access to commercial banks’ loans.
Is CBN defending the Naira or Dollar?
Sadly, CBN and our Economic Management Teams have never been able to construct the appropriate foundation which supports low cost of funds (3-6%), low inflation rate (1-3%) and a liberalised forex market to drive the elusive quest for economic diversification
CBN offers $100m in Wholesale forward as Naira closes N385/$
The Central Bank of Nigeria (CBN) Thursday continued its intervention in the foreign exchange market by offering $100 million to banks to meet the requests of wholesale customers at the forex auction in the interbank wholesale window.
