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Farooq

Posts Tagged "cbn"

HomePosts Tagged "cbn"

LAGOS, March 22 (Reuters) – Nigeria raised 64.06 billion naira ($210 million) at Wednesday’s auction of government bonds , less than it originally planned but at lower yields, traders said. The government has been working to cut its borrowing costs, particularly as inflation slows. It sold Eurobonds last month to help repay some treasury bills […]

  • CBN

Following the concession made by the Senate to screen and confirm the nominees of President Muhammadu Buhari to fill the posts of deputy governors of the Central Bank of Nigeria (CBN) and the four members-designate of the Monetary Policy Committee (MPC), the CBN has said it will hold its first meeting of the MPC this […]

  • CBN

The Central Bank of Nigeria (CBN) on Tuesday, gave a boost of 210 million dollars to the interbank foreign exchange market. The Acting Director, Corporate Communications, Mr Isaac Okoroafor in a statement in Abuja, said the CBN offered 100 million dollars to authorised dealers in the wholesale segment of the market. He said also that […]

  • CBN

Nigeria raised 79.62 billion naira ($260.20 million) at an auction of government bonds on Wednesday, less than it originally planned, after it got fewer subscriptions for the most liquid five-year debt, traders said on Thursday. The Debt Management Office (DMO) initially intended to raise 100 billion naira. It got subscriptions of 117.58 billion naira, more […]

Oyetunji Abioye The naira closed at 362 per United States dollar at the parallel market on Wednesday, two days after the Central Bank of Nigeria injected $210m into the foreign exchange market. The local unit had closed at 363/dollar on Tuesday. The naira has been trading between 360 and 363 in recent weeks as the […]

The Central Bank of Nigeria (CBN) on Monday injected the sum of $55m into the economy for Nigerians requiring foreign exchange (Forex) for Business/Personal Travel Allowances, tuition, and medical fees. The amount is part of $210m pumped into various segments of the foreign exchange market by the apex bank. A breakdown of the amount, released […]

Henry Boyo “As I speak to you, our external reserves stand above $31bn and that provides us with enough firepower to be able to defend the naira (N305=$1)” – CBN Governor, Godwin Emefiele, April 25, 2017 However, fast forward to January 2018 with reserves above $40bn, i.e. over 30 per cent increase since April 2017, […]

  • CBN

Nigeria’s central bank repaid a total of 340 billion naira ($1.1 bln) worth of treasury bills on Thursday instead of rolling them over, in a move to lower government borrowing costs, traders said. They included 131.4 billion naira worth of treasury bills issued by the Debt Management Office (DMO), while the balance was in open […]

LAGOS, Dec 13 (Reuters) – Nigeria’s foreign exchange market saw transactions worth $1.34 million at its interbank window on Wednesday at a rate of 314.50 naira per dollar, as commercial banks traded the local currency at below the central bank rate. The central bank has used a rate of around 306 to supply dollars to […]

By Chijioke Nelson The Central Bank of Nigeria (CBN) ended foreign exchange (forex) market transactions for the week with $303.9 million, as it earlier in the week, sold $210 million to sustain liquidity. This is the second week in succession that the apex bank exceeded a $500 million intervention in the past five weeks, running […]