Tag: Central Bank

COVID-19: AfDB Urges Central Banks to Cut Interest Rates

Henry Solomon- July 7, 2020

The African Development Bank (AfDB) has urged central banks on the continent to act quickly by cutting interest rates to inject liquidity in view of ... Read More

CBN to Develop Creative Industries Parks in Three Major Cities

Henry Solomon- September 30, 2019

To boost the creative sector’s contribution to the Gross Domestic Product (GDP), the Central Bank of Nigeria (CBN) has expressed plans for development of creative ... Read More

CBN to Build 7 Diagnostic Centres in 6 Geopolitical Zones, Abuja

Henry Solomon- August 22, 2019

The Central Bank of Nigeria (CBN), says it will build diagnostic centres in the six geopolitical zones of the country and Abuja. The CBN Governor, ... Read More

TUC Boss Asks CBN to Publish FOREX Beneficiary Companies

Henry Solomon- July 25, 2019

The Trade Union Congress has asked the Central Bank of Nigeria (CBN) to publish names of companies benefiting from its foreign exchange policy, to ensure ... Read More

US blocks assets of Venezuela’s Central Bank in new sanctions

admin- April 18, 2019

The United States on Wednesday said it would forbid all Americans’ dealings with the Central Bank of Venezuela and also block any US assets of ... Read More

Sale of Forex to Travelers Over the Counter – CBN

Tanimu- May 27, 2018

Isaac Okorafor, Abuja: In order to ensure that eligible travelers are able to access foreign exchange and make liquidity available in the market, the Central ... Read More

Detailed Communique No 117 of The Monetary Policy Committee 4/42018

Tanimu- April 4, 2018

The re-constituted Monetary Policy Committee (MPC) held its maiden meeting, the 260th meeting of the Committee, its first in 2018, on 3rd and 4th of ... Read More

Central Bank Floods Forex Market with $335m

Tanimu- March 10, 2018

Olalekan Ajayi, Abuja: The Central Bank of Nigeria (CBN), in its resolve to guarantee liquidity in the market, injected the sum of $355.43m into the ... Read More

Central Bank Nigeria Injects SMIS with $321m

Tanimu- February 24, 2018

Olalekan Ajayi, Abuja: The Central Bank of Nigeria (CBN) has again intervened in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $321.4 ... Read More

FOREX Receives $210m from Central Bank to Boost Market

Tanimu- February 13, 2018

Olalekan Ajayi, Abuja: The inter-bank Foreign Exchange Market has received the sum of $210million from the Central Bank of Nigeria (CBN), to meet customers’ requests ... Read More

Central Bank Injects $210 Forex to Inter-bank

Tanimu- January 30, 2018

Olalekan Ajayi, Abuja: The Central Bank of Nigeria (CBN) on Monday, January 29, 2018, injected another sum of $210 million into various segments of the ... Read More

Central Bank Intervene Inter-bank Foreign Exchange to The Tune of $304m

Tanimu- January 26, 2018

Olalekan Ajayi, Abuja: The Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) of the inter-bank Foreign Exchange Market ... Read More

Central Bank Communique on Failure to Hold Monetary Policy Committee Meeting

Tanimu- January 22, 2018

Emefiele Allays Fears Over MPC…….says economy remains sound. No Cause For Alarm Over MPC, says Emefiele Emefiele Allays Fears Over MPC………..says economy remains strong. The ... Read More

Central Bank Pumps $210m Into Forex Market

Tanimu- January 16, 2018

Olalekan Ajayi, Abuja: The Central Bank of Nigeria (CBN) has injected another sum of $210million into the inter-bank Foreign Exchange Market, to meet customers’ requests ... Read More

Central Bank Communique of Monetary Policy Committee Meeting

Tanimu- November 22, 2017

Olalekan Ajayi, Abuja: The Monetary Policy Committee met on the 20th and 21st of November, 2017 against the backdrop of a relatively optimistic global economic ... Read More

Central Bank Injects $210m Into Forex Market

Tanimu- November 22, 2017

Olalekan Ajayi, Abuja: As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017, the Bank on ... Read More

Naira Remains Strong as Central Bank Pumps in $195m

Tanimu- November 14, 2017

Olalekan Ajayi, Abuja: The Central Bank of Nigeria has continued its sustenance of FOREX liquidity by injecting another $195 million into the inter-bank Foreign Exchange ... Read More

Godwin Emefiele Lists Gains of FOREX Restriction on 41 Items

Tanimu- November 13, 2017

Olalekan Ajayi, Abuja: The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says the dogged implementation of the Bank’s policy, which restricts importers of ... Read More

Apex Bank Injects Another $195m into Forex Market

Tanimu- November 1, 2017

The Central Bank of Nigeria (CBN), on Tuesday, October 31, 2017, injected another $195 million into the inter-bank Foreign Exchange market. The apex Bank offered ... Read More

4 Sectors Get $285.7m FOREX Injection from Central Bank of Nigeria

Tanimu- October 28, 2017

The Central Bank of Nigeria (CBN) on Friday, October 27, 2017, injected a total of $285,759,449.10 into the Inter-Bank Foreign Exchange Market to meet requests ... Read More