CBN injects $210m into foreign exchange market
The Central Bank of Nigeria (CBN) says it 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.
China-Africa relationship: Opportunities for value-chain integration
With China’s influence towering higher than that of the West, there are diverse opinions about the Asian tiger’s gifts. Opponents assert that it is exploitative for China to finance African...
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 auctions $210m foreign exchange
The Central Bank of Nigeria (CBN), yesterday, auctioned $210 million at the inter-bank foreign exchange (forex) market to ensure that global currencies were available for customers.
‘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 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.
Banks are sabotaging our efforts on new notes – CBN
The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new ones in the country.Mr Isaac Okorafor, Acting Director, Communications Department of the CBN, made the allegation in Lagos on Thursday in an interview with the News Agency of Nigeria (NAN).
Fire at CBN headquarters
There was confusion at the headquarters of the Central Bank of Nigeria (CBN), Abuja yesterday following a fire outbreak at the premises of the apex bank. The fire was said to have started about a few minutes past 6:00p.m. and lasted for about 30 minutes before it was put out.