CBN, 3 banks receive N12bn from investment in AFC
Central Bank of Nigeria, CBN, and three other banks in the country received $41.736 million dividends (N12.938bn) in 2017 from their investments in regional multinational financial institution, the Africa Finance Corporation, AFC.
CBN reduces BDCs dollar rate
The Central Bank of Nigeria, CBN, Monday reduced the rate at which it sells dollars to BDCs to N357 per dollar, down from N360 per dollar.
CBN gives approval to Africa’s first farmers’ MfB
THE Central Bank of Nigeria, CBN, has given approval to Africa’s first farmers microfinance bank to operate in the Unit Category in Nigeria.
External reserves fall by $177m in 2 weeks
THE appreciation recorded by the naira in the various segments of the foreign exchange market last week is expected to persist this week, even as the external reserves continued on a downward trend, falling by $177 million in two weeks, due to increased dollar sales by the Central Bank of Nigeria, CBN, in its effort to stem the depreciation of the naira.
Economic expansion persists but at slower pace — CBN
Central Bank of Nigeria, CBN, yesterday, released its Purchasing Managers Index (PMI) Report for May, 2018 which indicated that though economic expansion persisted for the fourteenth month in manufacturing and non-manufacturing sectors, the rate of expansion has slowed down.
Naira would remain at N360, until production, export improve — CBN
The Central Bank of Nigeria, CBN, has disclosed that the naira would continue to exchange at N360 to a dollar until production and export of goods increases significantly in the country.
