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Tag Archives: CBN

CBN moves more steps forward, announces sale of dollars to MAN, fuel importers, airlines

Buhari CBN

In a strategic drive to offset backlog of matured foreign exchange obligations the Central Bank of Nigeria (CBN), has announced plans to begin the sales of dollars to fuel importers, ...

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Naira over-valued by 10 to 20 percent, IMF mocks CBN, presidential economic team

imf hqs

In what can be easily interpreted as reactions to the rebuffing of its advice by the Central Bank of Nigeria (CBN), the International Monetary Fund (IMF) on Wednesday fired back, ...

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CBN set to inject additional $240 million forex to BDCs, others this week

CBN emefiele 2

The Central Bank of Nigeria (CBN) will from today, Tuesday, continue its ongoing foreign exchange market intervention. The bank is expected to disburse $240 million to commercial banks and operators ...

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CBN remains unstoppable in sustaining foreign exchange liquidity—Okoroafor

CBN MPC meeting

Contrary to the advice of the International Monetary Fund (IMF), the Central Bank of Nigeria (CBN) on Sunday reiterated its determination to sustain the provision of foreign exchange with a ...

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CBN report indicates dropping propensity to save in banks as recession bites harder

Latest Depository Corporation Survey (DCS) for the month of February 2017 recently published by the Central Bank of Nigeria (CBN) has shown sharp drop in current accounts deposits, an indication ...

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NCC opens link for stakeholders’ views on Internet Industry Code of Conduct

NCC Ojobo

Ahead of growing use of internet and emerging rise in broadband penetration, the Nigerian Communications Commission (NCC) is set to develop what it described as Internet Industry Code of Conduct ...

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MPC meets today as experts expect lowering of lending rate, CBN thinks otherwise

CBN MPC meeting

The Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) will today, Monday begin its second meeting on review of monetary policy activities in Abuja. The meeting is expected ...

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Teriba leaks secret of regular injection of forex to the market by CBN

naira dollar

Ageless Economist, writer and public finance analyst, Dr. Ayo Teriba has given insights to the growing availability of dollars at the Central Bank of Nigeria (CBN) which is encouraging it ...

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Buhari’s return deepens naira gains, trades at 455/dollar

Buhari arrives

Indication emerged Friday that the positive impacts of President Muhammadu Buhari’s return from London extended to the performance of naira same day as naira firmed at 455 to a dollar ...

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Again and again, CBN injects additional $100m Tuesday, making $1.14bn in 2 weeks

Emefiele CBN

Like the proverbial drops of water that makes the ocean, the Central Bank of Nigeria on Tuesday dropped another sum of $100m into the interbank foreign exchange market. Tuesday injection ...

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