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.
Nigeria to have 15th largest industry by 2020 – CBN
By Favour Nnabugwu The Central Bank of Nigeria (CBN) has disclosed plans of positioning the Nigerian insurance industry among the 15 largest in the world come year 2020. The apex bank said a lot of transformation was going on in the sector, as enshrined in its Financial System Stability 2020 (FSS 2020) aimed at revamping […]
CBN’S interventions in forex market
With the exception of the state of health of President Muhammadu Buhari and its consequences for the nation, the most topical economic issue in Nigeria is the fall in value of the Naira to the major foreign currencies (particularly the Dollar).
Why cost of doing business is high – CBN
The Central Bank of Nigeria, CBN, weekend stated why the cost of doing business in the country is very high, stressing that it is a component of many factors and not interest rate alone as generally perceived.
NCC, CBN halt Etisalat’s takeover
Lagos – The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have got reprieve for Etisalat on the loan default crisis facing the company.
CBN sells $367m to boost forex supply
The Central Bank of Nigeria, CBN, yesterday, continued its intervention in the interbank foreign exchange market by selling another $367 million to meet forwards request of customers.
