The CBN is winning but pessimists still complain
THOMAS Hardy, 1840-1928, great British writer, once said that “a pessimist is the person who looks at the worst possible contingencies.” (VANGUARD BOOK OF QUOTATIONS, VBQ, p 186). No Federal Government official has been plagued by more pessimists in the last two years, but especially since January this year, than Mr Emefiele, the Governor of Central Bank of Nigeria.
Forex complains: CBN releases telephone line
The Central Bank of Nigeria (CBN) has released an emergency mobile phone line for customers denied access to foreign exchange by banks for medical bill and school fees.
CBN to commence twice weekly FX sales to BDCs
In continuation of its determination to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) is to commence twice weekly foreign exchange sales to Bureaux de Change(BDCs) as from Monday, next week.
CBN raises Forex supply to BDCs by 20%
The Central Bank of Nigeria (NAN) on Thursday said it would start selling foreign exchange to the Bureau de Change (BDC) market twice weekly and also boost their liquidity by 20 per cent.
CBN approves DBN licence
The Central Bank of Nigeria, CBN, has granted licence to the Development Bank of Nigeria, DBN, Plc, Minister of Finance, Mrs. Kemi Adeosun, has confirmed.
CBN approves wholesale banking licence for DBN
THE Central Bank of Nigeria, CBN, has approved a wholesale development finance institution licence with national authorization for the Development Bank of Nigeria, DBN Plc, the Minister of Finance, Mrs. Kemi Adeosun, has confirmed.
BDCs reluctant to buy dollars as CBN pegs FX rate for invisibles at N360/$, injects $185m
The Central Bank of Nigeria, CBN, yesterday, directed banks to sell dollars for invisible transactions such as personal travel allowance, business travel allowance, school fees and others at N360 per dollar.
CBN to sell dollar to banks at N357, directs banks to sell at N360
The Central Bank of Nigeria (CBN), on Monday said it would sell dollars to banks at N357 and direct them to sell to their customers at N360 with immediate effect.
Chief security officers of banks seek CBN framework against cyber-crimes
Chief Security Officers (CSOs) of banks on Saturday urged the Central Bank of Nigeria (CBN) to provide them with security framework that would blacklist cyber criminals in banks.
Fitch Ratings reinforces CBN’s hints on banking industry
On the heels of the concern on the stability of the banking industry expressed by the Central Bank of Nigeria, CBN, after its Monetary Policy Committee, MPC, meeting last Tuesday, Fitch Ratings, a global financial and economic watchdog, has said that Nigerian banks will continue to face challenges this year, following an extremely difficult 2016.
Policy issues: CBN, Finance Ministry rift deepens
HOPES of unanimity of positions and harmony of fiscal and monetary policies appear dim following an alleged demand for a review of the powers of the Central Bank of Nigeria, CBN, by the Ministry of Finance.
