Central Bank of Nigeria
T-Bills yields rise as CBN mops up N553bn
The Central Bank of Nigeria conducted its first OMO auction in two weeks on Thursday, offering 400 billion naira. The auction witnessed an aggressive mop-up of about 553 billion naira from the system by the CBN. Olawale Hamed, Currency Trader with UBA joins CNBC Africa for a weekly wrap of the fixed income and forex markets.
Nigerians speak on new policy on the manhandling of naira notes
Following the Central Bank of Nigeria’s new policy on the manhandling of naira notes, CNBC Africa took to the street of Lagos to find out reactions.
CBN begins deductions on MTN, banks face-off
Latest reports say that the Central Bank of Nigeria has begun debiting the accounts of banks accused of illegal repatriation of 8.1 billion dollars for telco operator MTN Nigeria.
Nigeria faces the challenge of financing and sustaining its institutions - Obadiah Mailafia
A lot of Nigeria’s challenges as a country are institutions and how they function or how they fail to function. This is according to Obadiah Mailafia, a Former deputy Governor of the Central Bank of Nigeria and the Director of Centre for Policy and Economic Research.
Nigeria banking index down 1.8% after CBN fines banks over MTN
The NSE Banking Index fell 1.8 per cent on Thursday after the Central Bank of Nigeria fined four banks for violation of Nigeria's forex regulations in repatriating MTN Nigeria’s funds. Chinedu Anozia, Chief Executive of Aux Capital joins CNBC Africa to discuss how this news has impacted trade in Nigeria’s banking stocks.
CBN plans 2nd Chinese Yuan auction
The Central Bank of Nigeria has asked traders to submit their bids for the Chinese Yuan, in its second auction. Nkechi Ezugha, Currency Trader at UBA joins CNBC Africa for a review of activities in Nigeria’s fixed income and forex market this week.
CBN introduces revised forex manual
The Central Bank of Nigeria says changes effected in the revised Foreign Exchange Manual will take effect today, as the apex bank moves to enhance transparency of transactions and streamline documentation requirements for FX transactions.
Nigeria's FX reserves drop 0.34% to $48bn in June
Fresh data from the Central Bank of Nigeria shows that Nigeria's forex reserves fell by 0.34 per cent to $48bn in June.
How Africa can create the right ecosystem to drive industrialisation
Emir of Kano and Former governor of the Central Bank of Nigeria, Muhammadu Sanusi says improved transparency and how governments prioritise national revenues can go a long way to free up funds to drive industrialisation on the continent.