16 Feb 2017
The Central Bank of Nigeria (CBN) says it disbursed 2.83 billion dollars to critical sectors of the economy between December 2016 and January 2017.
2 Feb 2017
The reserves fell to $23.95 billion in October 2016, stoking fears among foreign investors on the country’s ability to settle dollar-denominated obligations in the midst of falling crude oil prices.
17 Jan 2017
A Crisis looms in the nation’s financial system as lack of funds hits the Primary Mortgage Banking (PMB) segment, The Guardian has learnt.
10 Jan 2017
The inability of petroleum marketers to pay or service banks loans in the last two years is threatening further importation and could worsen the financial position of banks.
5 Jan 2017
Amid foreign exchange scarcity, the nation’s real sector operators were able to access about $2.53 billion at the interbank market in a period of four months.
25 Dec 2016
The Acting Director, Corporate Communications Department, CBN, Isaac Okorafor, said that in October, CBN kept its promises to the real sector operators to ensure that their forex demands were met.
11 Nov 2016
The Central Bank of Nigeria (CBN) has raised the alarm over the resurgence of illegal money transfer operators in the country.The return of the illegal operators was coming....
9 Nov 2016
The manufacturing sector’s foreign exchange demand put at more than $800 million has been reduced by $660 million by the Central Bank of Nigeria (CBN).
14 Oct 2016
The Director of Banking Supervision, Mrs. Token Martins, at the Bankers Committee meeting, said: “That the seven banks are undercapitalised is absolutely not true.
10 Jul 2016
Sources of supply and quantity supplied have remained at the centre of discourse since the beginning of the all-new flexible exchange rate policy. Both have also become strings pulling the rate determination...
21 Jun 2016
The CBN yesterday executed over $4 billion in foreign exchange transactions as the new exchange rate regime begins, while the defied all forecasts and traded at between N253 and N281.5 to the dollar.
6 Jun 2016
The Central Bank of Nigeria (CBN) is not yet ready to unveil the details of the newly adopted flexible exchange rate system.Besides, the apex bank has reiterated that it is unconstitutional for anyone to transact....