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Farooq

Posts Tagged "central bank of nigeria"

HomePosts Tagged "central bank of nigeria"
  • CBN

The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November. A statement issued in Abuja by Isaac Okorafor, the bank’s Director of Corporate Communications, noted that the amount was in addition to […]

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Wednesday said the apex bank was duly committed in positioning the economy on the path of growth by supporting small businesses in the country. Emefiele, represented by the CBN Spokesman, Mr Isaac Okorafor, made this known in Abuja at the CBN Special Day at […]

  • dollar to naira

Godwin Emefiele, governor, Central Bank of Nigeria (CBN), has said maintaining stable exchange rate to avoid depreciation of the naira is better than building foreign reserve buffers. Emefiele told newsmen on Sunday that this was part of the outcome of the Nigerian delegation’s meetings with investors and institutions at the International Monetary Fund (IMF) and […]

Meanwhile, Emefiele said there was no cause for alarm owing to the recent decline in the country’s external reserves. He, however, stressed that even though there was need to build buffers, “unfortunately I must say that we are in a period where it is difficult to talk about building reserve. “It is a choice we […]

  • CBN

The Central Bank of Nigeria says commercial banks have increased the collateral requirements demanded from all business sizes on new loan applications. In its Credit Conditions Survey report for the first quarter of 2018, CBN said banks will demand more collateral in the next quarter. “More collateral requirements were demanded from all firm sizes on […]

As it has become common in recent years, the Federal Government spent more than it earned in the last fiscal years due to a combination of factors, IFEANYI ONUBA writes The Federal Government recorded a fiscal deficit of N2.14tn in its operations in the 2017 fiscal period, figures obtained from the Central Bank of Nigeria […]

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 […]

Abuja – The Central Bank of Nigeria (CBN), on Monday injected 210 million dollars into the inter-bank Foreign Exchange Market, in its bid to sustain liquidity in the foreign exchange market. The Acting Director, Corporate Communications Department, CBN, Mr Isaac Okoroafor in a statement said that the move would ensure the continuous availability of foreign […]

  • 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 […]