Tag archive for ‘CBN’
By Bar and Bench On Wednesday, August 16th, 2017
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Again, CBN injects another $364m into inter-bank forex market

The Central Bank of Nigeria (CBN), again, on Tuesday boosted the inter-bank foreign exchange market to the tune of $364 million in a bid to sustain liquidity. The level of intervention shows that the Retail Secondary More...

By Bar and Bench On Tuesday, July 18th, 2017
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Again, CBN boosts foreign exchange supply with $195m

In a fresh bid to stabilise the inter-bank Foreign Exchange Market, the Central Bank of Nigeria (CBN) on Monday injected another 195 million dollars into the market. The acting Director, Corporate Communications More...

By Bar and Bench On Monday, July 10th, 2017
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After CBN’s offer of $450 million in one week, Naira gains further

Following the latest interventions by the Central Bank of Nigeria (CBN) through injection of $449.3million,the naira has further strengthened against the dollar at the weekend as it exchanged for N365 per dollar More...

By Bar and Bench On Sunday, July 9th, 2017
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Naira may crash again–Boyo

In spite of the perceived stability in the foreign exchange market after months of serious crisis, renowned economist and Lagos-based industrialist, Henry Olujimi Boyo, in this interview with Onyedika Agbedo, insists More...

By Bar and Bench On Saturday, July 8th, 2017
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CBN pumps $254.3m into retail forex market

The Central Bank of Nigeria (CBN) on Friday injected a total of $254.3million into the retail segment of the Nigerian inter-bank foreign exchange market. The decision followed requests from forex dealers. Information More...

By Bar and Bench On Friday, June 16th, 2017
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CBN plans to mop up N200bn from circulation

The Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of N200.32bn from the banking sector in order to check inflation in the country,. The Acting Director, Corporate Communications Department, More...

By Bar and Bench On Tuesday, June 13th, 2017
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Naira records marginal gain, closes at 364/dollar

The naira on Monday posted a marginal gain against the United States dollar at the parallel market, closing at 364/dollar. The local currency closed at 365/dollar on Sunday. The marginal gain was recorded on a More...

By Bar and Bench On Thursday, June 8th, 2017
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N120bn Road Project: Senate summons Fashola

Moves to halt extra-budgetary spending at CBN Confirms 82-year- old as ambassador The Senate on Wednesday gave its nod to a legislation aimed at halting what it called extra budgetary expenditure by the Central More...

By Bar and Bench On Sunday, May 28th, 2017
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Forex Intervention  Policy : Oil marketer drags FG  to court

In a bid to forestall the continued implementation of alleged discriminatory Forex investment  policy to the advantage of some importer of Petroleum products, an independent Oil marketer in the down stream sector More...

By Bar and Bench On Friday, May 26th, 2017
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Court orders DSS to keep monies recovered from Justice Ngwuta with CBN

By Toyin Akinfolajimi A Federal High Court sitting in Abuja Thursday ordered the Department of State Services (DSS) to deposit the monies it recovered from the residence of a Supreme Court judge, Justice Sylvester More...