N152bn CBN power loan blocking our access to banks’ funds, DISCOs cry out
ABUJA—The Association of Nigerian Electricity Distributors ANED, has cried out that N152.16bn of the N201.61 billion Central Bank of Nigeria, CBN, fund, which is reflecting on accounts of Distribution Companies, DISCOs, was denying them access to commercial banks’ loans.
CBN to inject another $10,000 to BDCs to check speculation
The Central Bank of Nigeria (CBN) will inject additional 10,000 dollars proceeds of International Money Transfer Services Operators (IMTSO) to 3135 Bureau De Change Operators nationwide, Alhaji Aminu Gwadabe says.
CBN holds forex auction for airlines, fuel marketers
THE Central Bank of Nigeria (CBN) yesterday conducted special dollar auction sale to fuel marketers, manufacturers and airlines to clear matured foreign exchange obligations.
CBN denies flagging off Anchor Borrowers Programme in Delta
-AGAINST recent media report, the Chairman, Project Monitoring Team of the Central Bank of Nigeria, CBN, Asaba branch, Mr Matthew Badaiki Monday said that the Federal Government did not flagged off distribution of agricultural inputs to rice farmers under the apex bank Anchor Borrowers Programme in Delta state
CBN injects another $240m into FX market
The Central Bank of Nigeria (CBN), Monday, injected another $240 million into the nation’s foreign exchange market to sustain Naira’s gains against the Dollar and other hard currencies.
Forex: CBN set to Inject more dollar
There are strong indications that the Central Bank of Nigeria (CBN) is again set to further inject more foreign exchange market with a view to ensuring liquidity in the interbank market and leading to a further of the dollar early this week. This is in addition to the further increase in the sale of dollars to the Bureaux de change operators from $8,000 to $10,0000 dollars per week.
