Central Bank of Nigeria - Page 10

How will COVID-19 impact Nigerian banks’ half-year earnings?

This month marks a year since the Central Bank of Nigeria introduced the Loan-To-Deposit-Ratio policy. Nigeria's apex bank says banks total credit rose to 3.1 trillion naira on the performance of the…

5 years ago

by Abiodun Ogundairo

CBN to raise N177bn via treasury bills auction

The Central Bank of Nigeria plans to raise 177 billion naira of short-dated Treasury bills at an auction on the 5th of July to finance the country's budget deficit, help manage liquidity…

8 years ago

Business·News

Nigeria’s economy: recovery or fluke?

The Central Bank of Nigeria plans to reduce the country's inflation to between 10 to 11 percent by the end of this year and also plans to intervene more in the agricultural…

8 years ago

Business·News

Nigeria settles backlog of forex demand for airlines, fuel

The central bank of Nigeria sold an undisclosed amount of dollars today to settle a backlog of foreign exchange demand for airlines, fuel and raw material imports.…

8 years ago

Business·News

CBN injects $81.2mn into forex market

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.…

8 years ago

Business·News

Can the CBN sustain this forex market intervention?

The NSE All-Share Index was up 1.8 percent last week. Meanwhile, the Central Bank of Nigeria says it would sustain its foreign exchange intervention into various segments of the markets.…

8 years ago

Business·News

CBN’s multiple forex rate eliminates frivolous demand

The Central Bank of Nigeria says its multiple exchange rate systems has eliminated frivolous demand in the system. Babatunde Adama, Head of Trading at Citi Nigeria joins CNBC Africa to review the…

8 years ago

Business·News

CBN creates special forex window for SMEs

In a move to stabilise Nigeria's currency markets, the Central Bank of Nigeria recently launched a special foreign exchange window for small and medium enterprises in the country.…

8 years ago

Business·News

Nigeria’s interbank rate rises as banks pay for dollar purchases

Nigeria's overnight lending rates rose 20 percentage points last Friday after the Central Bank of Nigeria sold dollar forwards to offset a backlog of forex obligations from the money market.…

8 years ago

Business·News

Naira firms up against dollar at parallel market

The naira firmed 2.6 percent on the parallel market to 385 to the U.S dollar on Thursday, as the Central Bank of Nigeria increased dollar supply to a bureau de change operators.…

8 years ago

Business·News

CBN to sustain intervention in forex market

The interventions by the Central Bank of Nigeria continue in the country's foreign market with the apex bank recently selling 280 million dollars across the markets to meet dollar demand.…

8 years ago

Business·News

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Central Bank of Nigeria - Page 10

How will COVID-19 impact Nigerian banks’ half-year earnings?

CBN to raise N177bn via treasury bills auction

Nigeria’s economy: recovery or fluke?

Nigeria settles backlog of forex demand for airlines, fuel

CBN injects $81.2mn into forex market

CBN’s multiple forex rate eliminates frivolous demand

CBN creates special forex window for SMEs

Nigeria’s interbank rate rises as banks pay for dollar purchases

Naira firms up against dollar at parallel market

CBN to sustain intervention in forex market

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