Markets stagger over CBN’s secrecy on naira devaluation
• Pressure hits external reserves amid sustained forex decline • Experts predict more hardship as import cost rises • Seek multiple foreign exchange sources in agric, solid minerals The Central Bank of Nigeria’s (CBN) handling of the naira devaluation is still shrouded in secrecy, six days after the local currency took about a 5.5 per…
CBN considers non-interest facility for own intervention programmes
The Central Bank of Nigeria (CBN) is to integrate non-interest window in all its intervention programmes, particularly the Anchor Borrowers’ Programme (ABP) and the Targeted Credit Facility...
We will remain in operation in spite of COVID-19, says CBN
The Central Bank of Nigeria (CBN) has assured that it will continue to open its doors for operations in spite of the impact of Coronavirus in the country and on the global economy.
CBN injects $323.5m, CNY 17.9m into forex market
The Central Bank of Nigeria (CBN) has injected 323.5million dollars into the retail Secondary Market Intervention Sales (SMIS) for its last intervention for November.
CBN to pick architects, others for NIPOST buildings remodeling project
Ahead of kick-starting the proposed National Microfinance Bank, the Central Bank of Nigeria (CBN), plans to engage architects for the remodeling of the Nigeria Postal Services (NIPOST) buildings needed for the project.
CBN okays three payment service banks to boost financial inclusion
To boost financial inclusion and the payment system by increasing access to deposit products and payment services through a secured technology-driven environment, the Central Bank of Nigeria (CBN) has issued Approvals-in-Principle (AIPs) to three payment service banks (PSBs).
CBN injects $210m in forex market
The interbank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central Bank of Nigeria (CBN) on Tuesday.
FG nets N3.7tr against CBN in five year operations
The Federal Government emerged the highest claimant against the Central Bank of Nigeria (CBN), in a two-way financial activity in the last five years...