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Farooq

Posts Tagged "central bank of nigeria"

HomePosts Tagged "central bank of nigeria"
  • CBN

LAGOS, Oct 19 (Reuters) – Nigeria’s central bank sold 98 billion naira of treasury securities on Thursday to keep liquidity tight to support the currency, a day after it auctioned 133.25 billion naira of T-bills, traders said. The local naira currency has been stable for more than two weeks, supported by central bank interventions, foreign […]

  • CBN

The Central Bank of Nigeria (CBN), Monday, continued its intervention in the inter-bank foreign Exchange market with the injection of $195m. Figures released by the CBN show that it offered the total sum of $100million to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment received the sum of $50 million. The invisibles segment, comprising tuition fees, medical payments and Basic Travel Allowance (BTA), among […]

Vice-President Yemi Osinbajo has described as “absurd” allegations that the Central Bank of Nigeria (CBN) is printing money to support the federal government. He was responding to a question from civil society organisations at the Nigeria Civil Society Situation Room Dialogue held in Abuja on Tuesday. CBN “claims” on the federal government have reportedly gone from N678 […]

  • CBN

The House of Representatives yesterday urged the Central Bank of Nigeria (CBN) to immediately remove surcharge (fees) levied on commercial banks for destruction of old mutilated naira notes in the country. The House also directed that the CBN as a matter of statutory responsibility withdraw old and mutilated notes from circulation and re-issue new ones […]

Everest Amaefule, Abuja The Central Bank of Nigeria has recovered over N50bn excess charges imposed by banks on their customers. The Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor, disclosed this at the ongoing Abuja International Trade Fair on Wednesday. Okorafor said that the CBN was committed to ensuring that banks customers were not subjected […]

The Central Bank of Nigeria on Tuesday intervened in the inter-bank foreign exchange market with the sale of $195m. This came just as the naira appreciated to 364 per United States dollar at the parallel market, up from the 365/dollar recorded on Friday. Figures released by the CBN showed that the regulator offered the total […]

An economic expert, Uche Uwaleke, has expressed support for the continued decision by the Central Bank of Nigeria to retain the country’s Monetary Policy Rate (MPR). Uwaleke, an Associate Professor and Head of Banking and Finance at the Nassarawa State University, Keffi, said this in an interview with the NAN in Abuja. The don noted […]

  • CBN

The foreign exchange reserves were up 1.52 percent from a month earlier to $32.16 billion by September 22, latest Central Bank of Nigeria (CBN) data showed on Friday. Nigeria’s dollar reserves were up almost 30 percent from a year earlier. The bank did not provide a reason for the increase, which could be a result […]

  • CBN

The president of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Wednesday defended the CBN’s retention of the benchmark interest rate and other monetary policy parameters. The CBN’s Monetary Policy Committee (MPC) met on Tuesday and retained the Benchmark interest rates at 14 per cent, alongside other monetary policy […]

The Central Bank of Nigeria (CBN) on Monday boosted the Foreign Exchange (Forex) market by offering a 195 million dollars in three segments of the Forex market. The acting Director of Corporate Communications, Mr Isaac Okorafor, in a statement, said it auctioned 100 million dollars at the wholesale Secondary Market Intervention Sales (SMIS) window of […]