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Nigeria: Navigating Economic Storm With Monetary Manoeuvres

opinion The three years of Mr. Godwin Emefiele as the Governor of the Central Bank of Nigeria has been marked with series of monetary manoeuvrings aimed out navigating the nation out of an economic storm precipitated by crashing crude oil prices. CRUDE oil price shockEmefiele assumed leadership of the apex bank on June 3, 2014, […]

Cost of Funds Drops on Cash Refunds 

MARKET INDICATOR   By Obinna Chima The Nigeria Interbank Offered Rate (NIBOR) eased to around eight per cent on Friday, from 15 per cent the preceding week after the Central Bank of Nigeria (CBN) repaid N152.6 billion in matured debt and paid refunds to banks for their forex cash provision. Traders said they expect a further drop in […]

Interbank rate drops on N152.6b T-Bills, forex refund

The interbank rate eased to around eight per cent at the weekend from 15 per cent after the Central Bank (CBN) repaid 152.6 billion naira ($500.57 million) in matured debt and paid refunds to banks for their forex cash provisions. Traders said they expect a further drop in the overnight rate to around five per […]

Investor, black market rates near convergence

The rates at which naira traded in the investor foreign exchange window and black market over the weekend came close to converging, traders said, as the Central Bank of Nigeria (CBN) continued its bid to improve dollar liquidity in the economy. The Organisation of Petroleum Exporting Countries (OPEC) member, which has at least six exchange […]

Holidays: CBN allocates $240m to forex market – The BusinessPost

Chiamaka Enendu | Sunday, 25 June 2017 7:36pm | economy The Central Bank of Nigeria (CBN), ahead of June 26 and 27, 2017 holiday declared by the Federal Government to commemorate the Eid-el-Fitr, allocated the total sum of $240 million to the Retail Secondary Market Intervention Sales (SMIS) for spot and forward deals. The apex […]

IFAD injects N4b into Ebonyi economy in 2016

Sunday Ituma, the State Programme Coordinator, disclosed this on Saturday in Abakaliki while speaking on the recent distribution of farm inputs to farmers by the programme Go to News SourceAuthor: The Eagle Online My neighbour must hear this! Related

3 Years Of Emefiele In CBN Saddle

Godwin Emefiele in three years as the governor of the Central Bank of Nigeria (CBN), has encountered several hurdles but still continue to wriggle the nation’s economy through by ensuring macroeconomic stability for the nation. As these efforts are being commended, it is clear he needs to do more, BAYO AMODU and BUKOLA IDOWU report. […]

UNIVERSITY* *OF* *IBADAN’s* *CBN* *PRESS* *RELEASE*. Archives

​*UNIVERSITY* *OF* *IBADAN’s* *CBN* *PRESS* *RELEASE*. Solomon Adesina- June 24, 2017 0. That moment when Nigeria’s independence day …

Naira Devaluation Will Worsen Inflation, Kill Nigerians—CBN

By Dipo Olowookere The devaluation of the Naira will further increase inflation in the country, the Central Bank of Nigeria (CBN) has warned. Spokesman of the bank, Mr Isaac Okorafor, gave this caution in Abia State during a programme this week. He said there was no point adhering to calls from international bodies supporting the […]

Naira Stabilises As CBN Injects Another $240m Into Forex Market Ahead Of Eid-el-Fitr – 360Nobs.com

360Nobs.com Naira Stabilises As CBN Injects Another $240m Into Forex Market Ahead Of Eid-el-Fitr360Nobs.comThe Central Bank of Nigeria (CBN) has injected the total sum of $240 million to the Retail Secondary Market Intervention Sales (SMIS) for spot and forward deals on Friday, June 23, 2017. The apex bank injected the dollars for the last trading […]

Why We Intervened In Etisalat Debt Crisis — CBN, NCC

Financial sector regulator, Central Bank of Nigeria, CBN on Friday said its intervention in the ongoing debt crisis between Etisalat Nigeria and a consortium of banks was to save the Nigerian financial system. CBN spokesperson, Isaac Okoroafor, said the two regulatory authorities intervened primarily to prevent job losses and asset stripping. “Although it should ordinarily […]

Naira Stabilises As CBN Injects Another $240m Into Forex Market Ahead Of Eid-el-Fitr

The Central Bank of Nigeria (CBN) has injected the total sum of $240 million to the Retail Secondary Market Intervention Sales (SMIS) for spot and forward deals on Friday, June 23, 2017. The apex bank injected the dollars for the last trading day of the week and ahead of June 26 and 27, 2017 holiday […]

Exchange of pounds to naira

RSS Feed so that you can timely understand the Nigerian Naira exchange rates. British Pound: GBP: 0.00241.The Central Bank of Nigeria (CBN) …

UNIVERSITY* *OF* *IBADAN’s* *CBN* *PRESS* *RELEASE

That moment when Nigeria’s independence day celebration becomes home coming celebration in UI, how celebrations change. Eventually, Muslims …