Central Bank of Nigeria
CBN to add more items to FX restriction list - how will this move impact the FX market?
The Governor of the Central Bank of Nigeria says more items will be listed under the forex restriction list. This comes as President Muhammadu Buhari says he told the apex bank to stop providing funding for food imports. Chioma Udu, FX dealer at GT Bank joins CNBC Africa to discuss this and other stories impacting Nigeria’s money market.
CBN to auction n34.4bn T-Bills
The Central Bank of Nigeria (CBN) will offer n34.4 bn naira worth of T-bills in today’s auction. To discuss expectations for the auction and an outlook on this week’s trading at Nigeria’s money market, Bosun Obembe, Forex and Derivatives Trader at Access Bank joins CNBC Africa for more.
CBN’s Moses Kpughur Tule on how Nigeria can capitalise on the Africa free trade agreement
Moses Kpughur Tule, Director at the Central Bank of Nigeria (CBN) says Nigeria can change the narrative around some certain commodities to take advantage of the African Continental Free Trade Agreement (AfCFTA). He joins CNBC Africa’s Esther Awoniyi for more.
Improving payment services in Nigeria
The Central Bank of Nigeria has directed Deposit Money Banks to offer mobile money wallets without prior approval. Chidinma Lawanson, Financial Services Consultant at International Finance Corporation (IFC) joins CNBC Africa for more.
CBN wants uniformed agencies to patronise made in Nigeria
The Central Bank of Nigeria has advised Uniformed Agencies to patronise made in Nigeria goods to help boost local production.
Nigeria eyes share of pensions for mortgage industry
Nigeria's National Pensions Commission and the Central Bank of Nigeria are currently exploring a framework where workers under the contributory pensions scheme can access 25 per cent of their contributions for personal home investments. Niyi Falade, CEO of Crusader Sterling Pensions joins CNBC Africa for more.
FAAC inflows boost market liquidity in Nigeria’s money market
Traders say Federal Account Allocation Committee (FAAC) inflows valued at 320 billion naira bolstered market liquidity in Nigeria’s Money Market as the Central Bank of Nigeria auctioned T-bills worth 89 billion naira on Wednesday. Nnamdi Olisaeloka, Fixed Income, Currencies and Commodities Analyst at Zedcrest Capital joins CNBC Africa for more.
Nigerian bond yields rebound from 3-month low
The Central Bank of Nigeria offered 88.86 billion naira in today's Primary Market Auction. Emmanuel Mordi, Currency Trader at UBA joins CNBC Africa to review today’s trade at the fixed income and FX markets.
Nigerian economy expands for 27th consecutive month
Data from the Central Bank of Nigeria shows Manufacturing Purchasing Managers Index in the month of June stood at 57.4 index points noting an expansion in Nigeria’s manufacturing sector for the twenty-seventh consecutive month. Ayodeji Ebo, Managing Director of Afrinvest Securities joins CNBC Africa for more.
FSDH: Govt should sell investment opportunities to Nigerians in the diaspora
FSDH Merchant Bank says the Central Bank of Nigeria should continue to restrict access to foreign exchange for the importation of items that can be locally produced produce and should work at unifying the multiple exchange rate regime in the country. Ayodele Akinwunmi, Head of Research at FSDH Merchant Bank joins CNBC Africa to breakdown this report.