Latest News

CBN injects $186.5m for invisible, SMEs as Naira stable at N379/$ – Nigerian News Headlines Today

By Babajide KomolafeThe Central Bank of Nigeria (CBN)  injected $186.5 million into the foreign exchange market even as the naira remains stable at N379 per dollar in the parallel market. Confirming this development Tuesday, Acting Director, Corporate Communications, CBN, Mr.  Isaac Okorafor, said: Following the conclusion of the Monetary Policy Committee Meeting on Tuesday, May […]

CBN injects $186.5m for invisible, SMEs as Naira stable at N379/$ – Xclusivegist

By Babajide KomolafeThe Central Bank of Nigeria (CBN)  injected $186.5 million into the foreign exchange market even as the naira remains stable at N379 per dollar in the parallel market. Confirming this development Tuesday, Acting Director, Corporate Communications, CBN, Mr.  Isaac Okorafor, said: Following the conclusion of the Monetary Policy Committee Meeting on Tuesday, May […]

CBN interventions to be more rigorous – Emefiele – The BusinessPost

Says downward trend is significant move toward rates convergence Chiamaka Enendu | Tuesday, 23 May 2017 6:11pm | economy The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has promised more intense interventions in the forex market to attain a convergence of rates between the interbank and bureau de change windows. He […]

CBN, MPC retains interest rates at record high to stabilise naira gain

The Central Bank of Nigeria’s Monetary Policy Committee, MPC, Tuesday voted to retain key interest rate at a record 14 percent even as it seeks a convergence in the Country’s foreign exchange market. The apex bank governor, Godwin Emefiele said at the end of their meeting in Abuja that members voted unanimously to keep the rate […]

Nigerian Senate Wants Lower Naira Notes Changed to Coins… See Details

The Nigerian Senate is asking the Central Bank of Nigeria to change ‘lower naira notes’ to coins. The Central Bank of Nigeria should convert the country’s lower currency notes into coins to facilitate “highly repetitive” retail transactions, the Senate said Tuesday. According to PremiumTimes, the advice came after a Senator spoke on the implications of […]

Dollar to Naira black market rate today Tuesday, 23rd May 2017

Dollar to Naira black market rate today Tuesday, 23rd May 2017 Dollar to Naira black market rate today Monday, 23rd May 2017 is N376/N382.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of the year. Earlier in the year 1 usd […]

CBN Injects $186.5m for Invisible and SMEs segments – Wetinhappen.com.ng

23MAY CBN Injects $186.5m for Invisible and SMEs segments ABUJA – Following the conclusion of the Monetary Policy Committee Meeting on Tuesday, May 23, 2017 the Central Bank of Nigeria (CBN) has injected the sum of $186.5million into the invisible and the whole Wholesale Secondary Market Intervention Sales (SMIS) segments of the forex market.  The […]

CBN To Boost Dollar Sales to Support Economy — OsunDefenderOsunDefender

The Central Bank will increase dollar sales to support the economy and bolster the naira after leaving its key interest rate at a record high level. “Interventions will be more vigorous and intense,” Governor Godwin Emefiele told reporters in the capital, Abuja, after announcing the Monetary Policy Committee’s decision to keep the benchmark rate at […]

Senate Wants CBN To Convert Lower Naira Notes Into Coins – Business

The Central Bank of Nigeria should convert the country’s lower currency notes into coins to facilitate “highly repetitive” retail transactions, the Senate said Tuesday. The advice came after a Senator spoke on the implications of rejection of the existing coin denominations for the economy. “The local retailers keep rejecting the coins because commercial banks won’t […]

Senate wants lower Naira notes changed to coins

The Central Bank of Nigeria should convert the country’s lower currency notes into coins to facilitate “highly repetitive” retail transactions, the Senate said Tuesday. The advice came after a Senator spoke on the implications of rejection of the existing coin denominations for the economy. “The local retailers keep rejecting the coins because commercial banks won’t […]

Nigerian apex bank injects $205m into foreign exchange market

Published on 23.05.2017 à 18h21 by APA News The Central Bank of Nigeria (CBN) has injected $205 million into the foreign exchange market on Monday to prop up the value of the naira, which has depreciated to N379 to the dollar in the parallel market.The Acting Director, Corporate Communications Department of […]

CBN Communiqué No. 113 of the MPC Meeting – May 22-23, 2017

Tuesday, May 23, 2017 5.08 PM / Central Bank of Nigeria   Background The Monetary Policy Committee (MPC) met on the 22nd and 23rd of May, 2017, against the backdrop of slowly improving global growth prospects even as international cooperation continues to be threatened by anti-globalization sentiments in major advanced economies.   On the domestic front, […]

WorldStage News | CBN retains Monetary Policy Rate at 14%

WorldStage Newsonline– The Monetary Policy Committee (MPC) of the Central Bank Of Nigeria rose from its two day meeting today with the resolutions to retain the Monetary Policy Rate (MPR) at 14 per cent; Retain the Cash Reserve ratio (CRR) at 22.5 per cent; retain the Liquidity Ratio at 30.00 per cent; and retain the […]

CBN Will Boost Dollar Sales to Support Economy

Posted on May 23, 2017 in Breaking news, News | 0 comments Nigeria’s central bank will increase dollar sales to support the economy and bolster the naira after leaving its key interest rate at a record high level. “Interventions will be more vigorous and intense,” Governor Godwin Emefiele told reporters in the capital, Abuja, after […]