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Naira stability: CBN sells N299bn T-bills in one week

Clearly, however, with falling oil prices and foreign investors taking profits, the CBN's unending battle to ensure naira stability is again on the front …

U.S. stocks decline after 3-day winning streak

As a way of boosting market confidence, it is important for regulators to constantly carry investors along as regards policies and changes in transactions. Chris Ugwu writes   I n stock exchanges world over, there are standard and post-listing requirements that quoted companies must constantly meet to avoid regulatory hammer.     These include regular […]

Disbursement of lower naira denominations guidelines out

he Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of the naira through micro-finance banks …

Emefiele calls on fund managers in UK to issue naira-denominated bonds – Blueprint

CBN Governor The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has called on local fund managers in the UK to invest in naira-denominated bonds. The initiative could help strengthen the situation of the country’s foreign exchange reserves, which are suffering from a further increase of the US dollar against the local currency.Officially, […]

Dollar to Naira black market rate today Tuesday, 20th August 2019

Dollar to Naira black market rate today Tuesday, 20th August 2019 Naira gains against dollars, mixed fortune against others Dollar to Naira black market rate today Tuesday, 20th August 2019 is N357/N360.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of last year. At a point last […]

CBN’s T-bills auction records oversubscription amidst foreign investors sell-off 

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN). The last Treasury Bills Auction of the Central Bank of Nigeria was oversubscribed. The apex bank recorded N146.53 billion during the auction. T-bills worth N34.38 billion was provided across the 91-day, 182-day and 364-day tenors at the primary auction.  The CBN had offered N4.38 billion for the 91-day tenor but recorded a total subscription of N15.06 billion, making it an […]

CBN’s Godwin Emefiele, foreign investors meet amidst weak naira

President Muhammadu Buhari’s administration is trying to lure foreign investors to support Nigeria’s weakened currency.

Nigeria and the burden of debt

If there is anything that should ignite national discussion in the 2019 budget than others, it is the debt conundrum and future implications.  From the budget document, we’re reminded of the unprecedented debt binge over the past years and how it is already taking tolls on the country’s derivation– a clear reflection in the allocation […]

Personal Statements By The MPC Members At The 125 MPC Meeting Of July 22-23, 2019

Tuesday, August 20, 2019 /10:00AM / CBN / Header Images Credit: Gettyimages Adamu, Edward Lametek Very much like the previous meeting, the July 2019 meeting of the Monetary Policy Committee (MPC) held against the backdrop of continued stability in key domestic economic and financial system indicators relative to 2018. It is however concerning that external […]

CBN Releases Guidelines For Disbursement Of Lower Denominations Of Naira – Heartbeat Of The East

The Central Bank of Nigeria, CBN, has released guidelines for the disbursement of lower denominations of the naira through microfinance banks, MFBs across the country.A circular issued by the Director, Currency Operations Department of the apex bank, Mrs. Patricia Eleje, indicated that all microfinance banks must have a composite risk rating, CRR, of above average […]

Emefiele vows to defend the foreign reserves over $9 billion court ruling |

Godwin Emefiele, CBN Governor As concerns continue to grow among foreign investors over the state of Nigerian economy following the recent $9 billion court ruling, the governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele has vowed to defend Nigeria’s foreign reserves.  The CBN Governor disclosed this while speaking with State House correspondents at the retreat organised for ministers-designates in the Presidential […]

CBN to defend reserves against UK $9b court ruling

The Central Bank of Nigeria (CBN) on Monday it will strive to protect the country’s currency reserves after a British court ruling granted a small natural gas firm the right to seize $9 billion in assets from the Federal Government. The huge cash would be one of the largest financial liabilities imposed on Nigeria in […]

UK $9 billion court ruling impacted Nigeria’s monetary policy ~ CBN – Similar News

UK $9 billion court ruling impacted Nigeria’s monetary policy ~ CBN – Similar News | noovell UK $9 billion court ruling impacted Nigeria’s monetary policy ~ CBN – Related articles from other sources More news

CBN orders Mfbs to disburse higher, lower banknotes together – The Sun Nigeria

The Central Bank of Nigeria (CBN) has mandated the  microfinance banks (MFBs) to mix the lower and higher Naira notes while disbursing it to customers. This is contained in the guidelines for the disbursement of lower denominations of the banknotes through microfinance banks (MFBs) across the country. The Director of Currency Operations Department of the […]