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Farooq

Posts Tagged "cbn"

HomePosts Tagged "cbn"

The Central Bank of Nigeria (CBN) has assured Nigerians that the current recession they are facing would end before the end of the year, even as it blamed overdependence on importation for the problem. CBN governor, Mr. Godwin Emefiele, at the weekend while delivering a lecture entitled: “The Dilemma of Monetary Policy and Exchange Rate […]

  • CBN

By Chijioke Nelson As the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) begins today, there are expectations that the policymakers will retain previous decisions to ensure deepening of effects. The fourth meeting of the year is coming on the backdrop of recent happenings in the global and domestic space in […]

The Naira on Thursday appreciated against the dollar in the parallel market. The local currency appreciated by N1 in the parallel market segment. Naira exchange rate dropped to N366 per dollar from N367 on Wednesday. Analysts say Central Bank of Nigeria (CBN) intervention on Monday – supply of 195 million dollars – stabilised the market. […]

By Babajide Komolafe The Naira yesterday appreciated against the dollar in the parallel market and in the Investors & Exporters window due to boost in dollar supply. The Naira appreciated by N1 in the parallel market segment, as the parallel market exchange rate dropped to N366 per dollar yesterday from N367 per dollar on Thursday. […]

  • CBN

The Central Bank of Nigeria said it sold a total of $2.64bn to authorised dealers in May. According to the CBN’s Economic report for May, the amount indicated 70.8 per cent and 106.1 per cent increase above the levels in the preceding month and the corresponding period of 2016 respectively. The bank attributed the development […]

  • dollar to naira

NAIROBI, July 20 (Reuters) – Kenya’s shilling is expected to weaken next week, with increased import demand outweighing currency inflows, while the Zambian kwacha is likely to remain stable as companies convert to hard currency to meet month-end obligations. Kenya The Kenyan shilling could weaken, barring any central bank dollar sales, due to broad demand […]

Nigeria’s central bank has extended guarantees to Skye Bank for another year while it considers the bank’s recapitalisation proposal, the mid-tier lender said in a statement. The central bank shored up the Skye last year with a 100 billion naira ($328 million) capital injection, after sacking its top management for failing to meet minimum capital […]

  • CBN

The Central Bank of Nigeria (CBN) says it has provided additional $195 million to the inter-bank foreign exchange market in continuation of its forex supply drive. In a statement released on Monday, the apex bank said it offered $100million to the wholesale segment, while the small and medium enterprises (SMEs) segment received $50 million. The […]

The Central Bank of Nigeria, CBN, on Monday, intervened in inter-bank Foreign Exchange Market with the supply of $195 million as part of efforts to stabilise the market. The acting Director, Corporate Communications of the apex bank, Isaac Okorafor, in a statement, said $100 million was offered through the wholesale segment. He said that Small […]

LAGOS, July 14 (Reuters) – Nigeria’s interbank lending rate rose to 12 percent on Friday from eight percent after bond and treasury bill purchases paid for by lenders drained banking system liquidity, traders said. The central bank sold 25 billion naira ($82 million) worth of 363-day treasury bills on Friday, while lenders paid for bonds […]