CBN Archives — Page 13 of 17 — City Business News

September 4, 2019 No Responses

EFCC Seeks CBN’s Support In Fight Against Corruption

The Acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has solicited the support of the Central Bank of Nigeria (CBN) in the fight against corruption, noting that the apex bank’s strategic position in the financial sector...

August 27, 2019 No Responses

CBN To Nigerians: Beware Of Fraudulent Loan Offers

The Central Bank of Nigeria (CBN) has warned Nigerians to beware of Fraudulent loans being offered to the unsuspecting public by fraudsters on social media. In a statement, on Monday, the apex bank said such loans are fake and not...

August 14, 2019 No Responses

Buhari To CBN: Stop Forex For Food Import

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop release of Foreign Exchange (FOREX) for food import, saying Nigeria has achieved food security. Speaking on Tuesday, Buhari said: “We have achieved food security, and for physi...

August 10, 2019 No Responses

CBN Injects $280.04m, CNY 28.3m Into Retail SMIS

The Retail Secondary Market Intervention Sales (SMIS) has received a boost of $280.04 million from the Central Bank of Nigeria (CBN), which also injected the sum of CNY 28.3 million in the spot and short tenored forwards segment of the...

July 31, 2019 No Responses

CBN Boosts Wholesale Segment, Others With $210m

In its last intervention for the month of July, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Tuesday, July 30, 2019, indicated that...

July 29, 2019 No Responses

Milk Importation: Experts Lauds CBN’s Policy On Forex Restriction

Economic experts have lauded the Central Bank of Nigeria (CBN) on its plan to put forex restriction on imported dairy products to the country. Some economic experts who spoke with the News Agency of Nigeria (NAN) in Abuja on Sunday...

July 27, 2019 No Responses

CBN Injects $284.2m, CNY36m

The Central Bank of Nigeria (CBN), in the latest round of mediation in the inter-bank foreign exchange market, has injected the sum of $284.2million in the retail Secondary Market Intervention Sales (SMIS). This is in addition to CNY36.0million in the...

July 22, 2019 No Responses

CBN Implores Banks On Relationship With Customers

The Central Bank of Nigeria (CBN) has advised banks and other financial institutions in the country to be transparent in their dealings in order to build customers’ confidence. Kofo Salam-Alada, the Director, Consumer Protection Department of CBN gave the ad...

July 20, 2019 No Responses

CBN Partners Churches, Mosques On Financial Literacy

Central Bank of Nigeria (CBN) on Friday said it is in partnership with churches and mosques in the promotion of financial literacy in the country. The bank’s Director, Consumer Protection Department, Mr Kofo Salam-Alada made this known in an interview...

June 25, 2019 No Responses

Emefiele Explains CBN’s 5-Year Agenda

You would all recall that on 05 June 2014; following my assumption of office as the Governor of the Central Bank of Nigeria, I addressed a similar gathering to share with you my vision for my first term in ¬office....

June 19, 2019 No Responses

CBN Injects $210m Into Forex Market

The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Tuesday, June 18, 2019, indicated that authorized dealers in the wholesale segment of the...

June 4, 2019 No Responses

Emefiele To Unfold New Roadmap For Economy

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Monday began his second tenure, following the confirmation of his re-appointment by the Senate on May 16 According to a statement by the Director Corporate Communications, Mr Isaac...

May 29, 2019 No Responses

CBN Lifts Forex Market With $205m

The Central Bank of Nigeria (CBN) on Tuesday, May 28, 2019, injected the sum of $205 million into the inter-bank Foreign Exchange Market, in its continued push to sustain liquidity in the sector. Figures obtained from the CBN indicated that...

May 22, 2019 No Responses

CBN To Restrict Banks Access To Bonds, Treasury Bills

The Central Bank of Nigeria (CBN) is to restrict Banks access to government securities. Speaking at the end of the Monetary Policy Committee (MPC) meeting in Abuja, the CBN Governor, Godwin Emefiele explained that MPC also directed CBN to initiate....