CBN sustains Forex supply
The Central Bank of Nigeria (CBN) has continued to sustain liquidity in the foreign exchange market, as it boosted the market yesterday with $308.5m.
Why CBN interventions fail to save Naira
Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank of Nigeria (CBN) in the foreign exchange market.
CBN calls for import reducing policy as Nigeria’s monthly import bill rises by 95% to N588bn
The Central Bank of Nigeria, CBN, yesterday said the country’s average monthly import bill rose by 95 per cent to N588 billion in 12 years.
CBN not boosting confidence in MfBs – Whensu
The industry is still very young; some have foreign body assisting them in terms of funding. This business needs funding. N2 billion to N20 billion is quite a huge difference and the kind of business that an association can do with N2 billion, N20 million cannot do it. Size also matters in this business. If you also observe, the big names that control 40 percent of industry total assets also have foreign partners behind them, so to access funding is very easy.
N200bn Agric loan: CBN orders beneficiaries to insure projects with NAIC
THE Central Bank of Nigeria (CBN) has ordered beneficiaries of the N200 billion Commercial Agricultural Credit Scheme (CACS) to henceforth obtain insurance cover for their projects from the Nigeria Agricultural Insurance Company (NAIC).
CBN injects $364m into inter-bank Forex market
The Central Bank of Nigeria (CBN) has intervened in the Inter-Bank market to the tune of 364 million dollars to sustain liquidity in the Foreign Exchange (Forex) Market.
