CBN injects $190m, allows banks to sell excess dollar position
The Central Bank of Nigeria (CBN) Monday injected $190 million into the foreign exchange market even as the naira remained stable at N371 per dollar in the parallel market.
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.
CBN offers $100m forex to dealers
The Central Bank of Nigeria (CBN) on Thursday said it had offered 100 million dollars to authorised dealers as its intervention to stabilise the foreign exchange market.
Nigeria out of recession by June end — CBN gov
ABUJA— THE Central Bank of Nigeria, CBN, Governor, Mr Godwin Emefiele, yesterday, expressed optimism that the present economic recession in the country would end by the end of June or latest by the third quarter of this year, based on what he described as emerging positive economic indicators.
