CBN injects $81.2mn into forex market
By CNBC
09 May 2017 |
9:15 am
The Central Bank of Nigeria continued its drive to improve liquidity in the FX market, offering $81.2 million dollars for requests ranging from school fees to small and medium sized enterprises.
In this article
Related
28 Mar 2019
The Central Bank of Nigeria says its decision to slash the Monetary Policy Rate by 50 basis points was a signal to a new direction of its policy position. Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry joins CNBC Africa to discuss the wider implications of this new stance.
25 Jun 2019
Governor of the Central Bank of Nigeria, Godwin Emefiele will unveil his 5-year plan for his second term in office later today. Egie Akpata, Director General of Union Capital Markets joins CNBC Africa for the outlook of Nigeria’s capital market this week.
26 Jun 2019
Governor of Nigeria's Central Bank says the apex banks development finance efforts have been driven by the need to reduce reliance on crude as smuggling and dumping over the years have led to a demise of Agriculture. Obiora Madu, CEO of Multimix Group joins CNBC Africa to discuss some developments impacting Nigeria's non-oil exports.
4 Dec 2021
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
Latest
4 hours ago
Mercedes and other car manufacturers could now be forced to pay millions in "dieselgate" compensation. Owners can sue if their vehicle was fitted with unlawful defeat devices.
4 hours ago
In March 2020, Paris emptied as the first Covid-19 lockdown was announced. City dwellers fled and sought refuge in the countryside. Three years later, what has become of those Parisians who embarked on a new way of life? And how has the arrival of these "neo-rurals" affected the local landscape? Our team went looking for the answers in the Perche regional park in north-western France, an area where many Parisians have settled.
5 hours ago
How did Real Madrid suffer defeat against Barcelona who were defeated by the same United side that Liverpool humbled 7-0? It is football and we're here to review all of its weekend action for you.
7 hours ago
The White House has said an American aid worker who was kidnapped in the West African nation more than six years ago has been released from custody.
7 hours ago
A Thai court has sentenced a 26-year-old man to two years in jail for selling satirical calendars featuring rubber ducks, which authorities said insulted the king. Inflatable yellow ducks were used as a symbol during pro-democracy protests in 2020.
7 hours ago
The Iranian authorities have promised that whoever is behind the poisoning of Iranian schoolgirls will be mercilessly punished — but the government has lost all credibility with the people.