Central Bank of Nigeria
Government gives fresh conditions for release of Paris Club funds
According to the minister, it is necessary to address the issue of Paris Club refunds to assure the public that the Federal Government has consistently complied with all extant rules and regulations in the disbursement of the money to state governments.
Speculators lose as CBN injects another $180m in market
The development has put currency speculators in series of losses in the last three weeks, as the parallel market rate has fallen from a record high of N520/$ to N445/$ yesterday.
Foreign investors’ acquisition of local firms over forex looms
Unless the Central Bank of Nigeria (CBN) is consistent in making foreign exchange (forex) available for manufacturers to import raw materials that are yet to have local alternatives, foreign investors...
Governors deny alleged role in N19b loan refunds’ fraud
Amid the controversy over the N19 billion “consultancy fee” deduction from the first tranche of the London-Paris loan refunds to the 36 state governors, the Nigeria Governors’ Forum (NGF) has cleared its members of any wrongdoing.
Monetary, fiscal authorities agree on harmonisation of policies
Desirous of sustainable monetary and fiscal collaboration in efforts to pull the economy out of the current crisis, the leadership of the Central Bank of Nigeria (CBN) and the ministries of Finance...
Interbank lending rates defy N413b securities auction, banks’ debit
Interbank lending rates were relatively stable through the weekend despite a combined auctions of government securities worth N413 billion, by the Central Bank of Nigeria (CBN) and Debt Management Office...
FHA, ICPC in N236b eight cities’ diaspora housing scheme
In what could be the most ambitious public sector- led initiative to tackle the overwhelming housing crisis facing the country, two top federal agencies are driving a major new residential scheme targeted to yield a total of 15,680 housing units by 2018.
FMDQ Market Report
The Central Bank of Nigeria (CBN) continued its supply of US dollars, selling a total of $295.00mm through two (2) interventions conducted during the week-ending March 17, 2017.