Following its maiden Monetary Policy Committee (MPC) meeting for 2019, the Central Bank of Nigeria (CBN), yesterday, January 25, 2019, injected the sum of $289.76million into the retail Secondary Market Intervention Sales (SMIS) and CNY38.70million in the spot and short-tenored forwards segment of the inter-bank foreign market. The director, Corporate Communications Department at the CBN, […]
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CBN injects $289m, CNY38.70m into retail secondary Forex Market - Premium Times NigeriaThe dollar-denominated interventions are mainly for transactions in the agricultural and raw materials sectors.
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CBN cautions FG on external borrowing - Vanguard News NigeriaThe Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday cautioned the federal government on the sharp increase in the size of the nation’s external debt which rose by 109 percent to $21.6 billion as at September 30th 2018, from $11.28 billion on June 30th, 2015.
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CBN issues banknotes fitness guidelines to banks
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CBN To Fine Banks For Dispensing Mutilated Naira NotesThe Central Bank of Nigeria (CBN) will henceforth fine commercial banks for dispensing unfit naira notes either over the counter (OTC) or through Automated Teller Machines (ATM), while the mutilation of notes will attract a fine of N50,000 or six months imprisonment as the apex bank has released a Clean Note Policy and Banknotes Fitness […]
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CBN Committed To Growth Of Real SectorEfforts by the federal government, in particular, the policies of the Central Bank of Nigeria (CBN) to restructure and diversify the economy in the areas of agriculture, mining and manufacturing are beginning to attract local investors like Dangote Group. The CBN’s decision to ban several import items from accessing the official forex and the establishment […]
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PMB Storms S’East, Commissions N9bn CBN Funded Research CentrePresident Muhammadu yesterday in Enugu, Enugu State, commissioned a centre for international postgraduate studies named “Centre of Excellence” built by the Central Bank of Nigeria (CBN). The study/research Centre was solely funded by the CBN and handed over to the University of Nigeria (UNN), Enugu Campus. The Centre has 3-block buildings of 150 postgraduate hostel […]
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