CBN moves to shore up forex earnings
The Central Bank of Nigeria (CBN) has directed all exporters to strictly comply with the Foreign Exchange Manual, as it introduces Form NXP with a view to taking advantage of all exports in the push for increased foreign exchange earnings into the nation’s economy.
CBN boosts forex supply with $389 million
The Central Bank of Nigeria (CBN) yesterday injected a total sum of $388.66 million to the retail segment of the interbank window of the foreign exchange market.
Nigeria imports $100m sugar annually—CBN
KANO—THE Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, said, yesterday, that Nigeria spends $100 million on importation of white sugar annually.
CBN governor briefs Buhari over forex crisis
Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele on Thursday briefed President Muhammadu Buhari over the instability in the country’s foreign exchange market which has continued to impact negatively the value of Naira.
CBN disburses N33bn to farmers via Anchor Borrowers Programme
The Central Bank of Nigeria, CBN, yesterday, said it had disbursed N33.34 billion to 146,557 farmers under the Anchor Borrowers Programme, ABP.
Naira Watch: Dollar glut, as banks fail to gulp CBN’s $100m offer
LAGOS — The Central Bank of Nigeria (CBN) says authorized dealers were able to subscribe to $65.94 million out of the $100 million offered by it at the inter-bank wholesale transactions concluded yesterday indicating emergence of dollar glut in the market.
