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.
Money laundering: New sanction regime will enhance public confidence-MfB operators
MICROFINANCE banks’ operators have commended the new Anti Money Laundering/Counter Financing Terrorism (AML/CFT) sanction regime saying it will enhance public confidence in the banking system.
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.
