Why CBN is right in retaining benchmark interest rate — Gwadabe
The president of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Wednesday defended the CBN’s retention of the benchmark interest rate and other monetary policy parameters.
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.
Export/Investors window rakes in $4bn — CBN
ABUJA—The Export and Investors Window of foreign exchange market has raked in $4 billion since it was created by the Central Bank of Nigeria, CBN, in May.
Export/Investors Window rakes in $4 b – CBN
The Export and Investors Window of the Foreign Exchange (FX) market has raked in $4 billion since it was created by the central Bank of Nigeria, (CBN), in May.
