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Posts Tagged "central bank of nigeria"

HomePosts Tagged "central bank of nigeria"
  • 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 […]

  • CBN

To check rising inflation, the Central Bank of Nigeria (CBN), Tuesday began the disbursement of smaller naira notes to traders in order to improve the circulation of N5, N10, N20, and N50 in the market.The development came on the day the apex bank again boosted the interbank foreign exchange market with the supply of $210million to […]

The Central Bank of Nigeria has directed banks and other financial institutions to settle customers’ complaints on issues of overcharge, unauthorised deductions and other matters within two weeks. Tajudeen Ahmed, the CBN Head of Complaints Management Division, said this in an interview with the News Agency of Nigeria on Thursday in Abuja. He said the […]

  • 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 […]

ABUJA, Feb 7 (Reuters) – Nigeria plans to redeem 762.5 billion naira ($2.5 billion) worth of treasury bills from the proceeds of a planned $2.5 billion Eurobond, to lower borrowing costs for the government, Finance Minister Kemi Adeosun said on Wednesday. The West African country expects to save 64 billion naira each year after it […]