‘Nigeria’s investments inflow hits $19 billion’
The Central Bank of Nigeria (CBN) yesterday estimated the country’s 2018 total capital inflows at $19.07 billion, maintaining that is spite of economic challenges Nigeria continued to enjoy foreign investors’ patronage.
CBN injects $210m into foreign exchange market
The Central Bank of Nigeria (CBN) has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market.
Inter-bank market gets $210 million boost
Authorised dealers in the wholesale segment of the inter-bank foreign exchange market have received $100 million intervention from the Central Bank of Nigeria (CBN) to meet customers’ requests.
CBN agrees to meet banks, MTN over $8.1 billion transfers
The Central Bank of Nigeria (CBN) said it had agreed to negotiations proposed by MTN Nigeria and the four banks involved in the $8.13 billion transfers, which certificate of capital importations were adjudged fraudulent.
CBN fines 4 banks N5.87bn over foreign exchange illegal deals
The Central Bank of Nigeria (CBN) on Wednesday imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged irregularities
CBN uncovers serial fraud in four banks
Four commercial banks have been sanctioned by the Central Bank of Nigeria (CBN) for various forgeries in foreign exchange transactions between 2007 and 2015. For these infractions, they are to refund N5.87 billion to the apex bank.
‘Anchor borrower fund not for defaulting farmers’
The Central Bank of Nigeria (CBN) has restated its resolve not to fund defaulting farmers under its pet-project- Anchor Borrowers Programme (ABP).
CBN okays wider margin for BDCs
The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin available to operators of Bureau De Change (BDC) in the country.
CBN mandates BDCs to access foreign exchange window thrice weekly
“All BDCs shall henceforth access forex from the CBN on Mondays, Wednesdays and Fridays.”It is compulsory that all BDCs access forex at least three times weekly.”Any BDC that fails to access the forex window at least three times weekly shall have its licence reviewed by the CBN,” Okorafor said.