CBN resisted pressure to float the Naira – Spokesman
Mr Isaac Okoroafor, the acting Director, Corporate Communications, Central Bank of Nigeria (CBN) says the apex bank resisted suggestions to float the Naira when the country was battling with economic recession.
Excess liquidity to persist as TBs record N808bn oversubscription
THE challenge of excess liquidity in the interbank money market will persist this week following over-subscription of N808 billion recorded in treasury bills offers last week.
Mixed reactions trail CBN’s move to sanction bank CEOs
Shareholders have expressed mixed reactions to plans by the Central Bank of Nigeria (CBN) to sanction Chief Executive Officers (CEOs) of banks that fail to submit audited results of their banks after 12 months.
CBN swaps $2.5b with China
The Central Bank of Nigeria (CBN) has executed a $2. 5 billion bilateral currency swap agreement with the Peoples Bank of China (PBoC).
Adamawa facilitates N1bn CBN loans for SMEs
The Adamawa government is set to access N1 billion from the Central Bank of Nigeria (CBN) to boost Small and Medium Enterprises (SMEs) in the state, following approval by the State Executive Council.
CBN captures 31m Nigerians in Bank Verification Number Project
THE Central Bank of Nigeria CBN, has captured no fewer than 31 million account customers in its Bank Verification Number, BVN, project aimed at ensuring unique identifier in the Nigerian banking industry.
