CBN raises 2018 money supply growth forecast to 10.98%
THE Central Bank of Nigeria (CBN) last week released its Monetary, Credit, Foreign Trade and Exchange Guidelines for the 2018 and 2019 fiscal years, raising its money supply growth forecast for 2018 to 10.98 percent. The CBN had earlier projected a money supply growth of 10.29 percent for 2018.
TSA probe: CBN paid N7.6bn to MDAs without my authorisation—AGF
ACCOUNTANT General of the Federation, Mr Ahmed Idris, yesterday, pointed accusing fingers at the Central Bank of Nigeria, CBN, for using its powers to pay N7.6 billion to MDAs without his authorisation.
N177bn inflow to moderate cost of funds in interbank
COST of funds is expected to moderate downward this week, in response to inflow of N177 billion from matured Treasury Bills (TBs).
Banks borrow N52tr from CBN as liquidity pressure intensifies
BANKS’ borrowing from the Central Bank of Nigeria (CBN) shot up by 80 percent to N52 trillion in 2017, from N29 trillion in 2016, due to pressure to survive the impact of high interest rate regime and ceaseless liquidity mop-up, driven by the tight monetary policy of the apex bank
CBN sustains intervention in foreign exchange market with $339.89m
The Central Bank of Nigeria (CBN) on Friday sustained its intervention in the Foreign Exchange market by injecting 339.89 million dollars in the Retail Secondary Market Intervention Sales (SMIS) segment.
CBN injects $210m as naira appreciates to N360.45/$
The Naira yesterday started the week with a 12 kobo appreciation to N360.45 per dollar, in the Investors and Exporters (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market.
